Colonial Terrace

$ 1,760,000.00
New Loan

1610 East Robinson St, Knoxville IA 50138
  • Property ID: 1494
  • Status:
  • Type:
  • Post Updated: 2020-01-10 14:38:18
  • County: Marion
  • Area: 17.61 acres
  • Year built: 1970
  • Spaces: 111
  • Vacant Spaces: 23
  • Utilities: City Water, City Sewer
  • Lot Rent: $ 210.00
  • NOI: $ 133,300.00
  • Sale Date: 04/01/18
  • Price Per Space: $ 15,856.00
  • Cap Rate: 7.6%
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Description

Lot Rent at time of sale included garbage and water. Tenants paid all other utilities. City Water, City Sewer.

Property included 9 POHs Rental Homes, and 20-unit storage garage. Occupied lot sale price has been adjusted for this additional income. New owner is adding individual meters and billing back water and sewer to tenants.

This style property is located in is currently and has been listed on Joanne M. Stevens NAI Iowa Realty Commercial. This property is listed at $ 1,760,000.00. It has bedrooms, bathrooms, and is 17.61 acres. The property was built in 1970 year.
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