Home For Sale In West Burlington, Iowa

house for sale

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Listed: 02/25/24

unnamed road, West Burlington, IA 52655, USA

Studio Bed:

1,340 Sq Ft Living Area:

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Price

$ 2,4M

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About This House

Exceptional investment opportunity! Located in the thriving community of West Burlington, Iowa This newly constructed multifamily property features9 LUXURY 2bedroom, 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, 000per unit, produces a gross rent of$216, 000annually, 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.

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Houses for sale in West Burlington

Original listing

West Burlington Housing & Living

Household Income

Median household income: $44,886

Number of households: 1,265

The average household income in West Burlington, IA grew from $39,308 to $44,886 in the past year. This data is an estimate based upon 1,265 households in West Burlington, IA.
The chart below presents how household income is distributed in West Burlington, IA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in West Burlington, IA compared to median property taxes around the country. The prevalent amount of property taxes in West Burlington, IA equals $800-$1,500 , which is less than the national average.