$ 1,760,000.00
New Loan

1610 East Robinson St, Knoxville IA 50138
  • Date added: 04/22/19
  • Area: 17.61 acres
  • Year built: 1970
  • Type:
  • Spaces: 111
  • Price Per Space: $19,130
  • Vacant Spaces: 23
  • Occupancy: 80%
  • Sale Date: 4/2018
  • Lot Rent: $210
  • NOI: $133,300
  • Cap Rate: 7.6%

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.

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