254 4th Street North



Location: Springville, Iowa

Description: 8-unit apartment project consisting of seven one-bedroom units and one two-bedroom unit. Gas fired hot water heat and wall a/c units. Built 1972. Tenants responsible for electricity. Proforma available.

Asking Price: $156,000 (10.76% Cap) on actual rental income.

Selling Price: $138,000 (10.15% Cap) on actual rental income.

Sold: October 1997

Contact:
Darin Ray Garman, CCIM
Iowa Realty Commercial
100 1st Ave. NE Suite 115
Cedar Rapids, Iowa 52401
Phone 319.363.2337 Fax 319.365.9833
E-mail: Darin_Garman@msn.com
Web: commercial-investments.com

All information is from sources that we deem reliable and is submitted subject to errors, omissions, prior sale, lease withdrawal without notice, or change in price and conditions. While we do not doubt its accuracy, no representation thereof is made.

For further information contact:
Darin Garman, CCIM Specialist Apartments
100 1st Ave. NE Suite 115
Cedar Rapids, Iowa 52401
Phone 319.363.2337 Fax 319.365.9833
E-mail: Darin_Garman@msn.com
Web: commercial-investments.com

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Copyright ŠJM Best, 1998