Willowood Apartments



Location: Marion, Iowa

Description: Twenty-six unit (four buildings) project in great Marion location. All units are two bedroom units. Amenities include individual gas forced air, central air, garages and close to tenant conveniences. Built late 1970's. Some units have fireplaces. Units approximately 800 square feet. On site management in place. Proforma available.

Asking Price: $675,000 (10.25% Cap) on actual rental income.

Selling Price: $650,000 (9.85% Cap) on actual rental income.

Sold: January 1998

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