West Burlington IA Multi Family for Sale
$2,290,000
619 Layne West Burlington, IA 52655
- Type:
- Duplex
- Sq.Ft.:
- 1,340
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 2021
- Baths:
- MLS#:
- 6323033
- Subdivision:
- IA
ADDITIONAL INFORMATION
EXCEPTIONAL investment opportunity! Located in the thriving community of West Burlington, Iowa This newly constructed multifamily property features 9 LUXURY 2 bedroom, 2 bath condominium units. Each residence has been meticulously designed to offer the pinnacle of modern living, promising both comfort and elegance. Construction on these stunning units was completed in 2021. The property is currently fully leased. A monthly rent of $2,000 per unit, produces a gross rent of $216,000 annually, underpinned by a solid Net Operating Income (NOI) of $147,815, reflecting a desirable CAP rate of approximately 6.16%. The property boasts low vacancy rates, thanks to its prime location and high-demand luxury accommodations. Professional management is in place and willing to work with new owner. Seller is licensed to sell Real Estate in the State of Iowa.
Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of the Iowa Association of Realtors. Real estate listings held by brokers other than Xome Inc. are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. This information is deemed reliable but not guaranteed and is provided from an authorized source. Copyright 2024 Iowa Association of Realtors. All Rights Reserved.
West Burlington Real Estate
The median home value in West Burlington, IA is $202,000. This is higher than the county median home value of $121,400. The national median home value is $338,100. The average price of homes sold in West Burlington, IA is $202,000. Approximately 50.99% of West Burlington homes are owned, compared to 42.77% rented, while 6.24% are vacant. West Burlington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a West Burlington real estate agent to arrange a tour today!
West Burlington, Iowa has a population of 3,190. West Burlington is more family-centric than the surrounding county with 33.62% of the households containing married families with children. The county average for households married with children is 25.04%.
The median household income in West Burlington, Iowa is $42,031. The median household income for the surrounding county is $54,318 compared to the national median of $69,021. The median age of people living in West Burlington is 39.9 years.
West Burlington Weather
The average high temperature in July is 85.8 degrees, with an average low temperature in January of 16 degrees. The average rainfall is approximately 38.6 inches per year, with 21.2 inches of snow per year.