Skip To Content
    Return to Previous Page

    211 S Green Street

    Madrid, IA 50156
    • $337,000
    • STATUS: Pending
    • ON SITE: 9 days
    • MLS #: 616097
    Pending
    UPDATED: 50 min ago
    $337,000
    • 16
      BEDS
    • 0.32
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 6,660
      SQFT
    • $51
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Over 7% cap rate on this stable 8 unit brick apartment building in the heart of Madrid. Large units of 800/SF, 2 bed/1 bath. New roof coming soon thanks to Derecho. Unit 1 is vacant for showings. All others can be shown during the due diligence period. Please refer to documents attached for proforma. Some newer appliances, flooring, some newer HVAC.

    Monthly Payment Calculator

    © 2020 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Capital City. Data last updated: 2020-10-25T14:21:54.113.
    www.exitrealtycc.com/homes/111045841
    Print Image

    211 S Green Street Madrid, IA 50156

    • Price: $337,000
    • Status: Pending
    • Updated: 50 min ago
    • MLS #: 616097
    16
    Beds
    1
    Baths
    0
    ½ Baths
    0.32
    Acres
    6,660
    SQFT
    $51
    $/SQFT
    1970
    Built
    Neighborhood:
    Madrid
    County:
    Boone
    Area:
    Madrid
    School District:
    Madrid
    Property Description
    Over 7% cap rate on this stable 8 unit brick apartment building in the heart of Madrid. Large units of 800/SF, 2 bed/1 bath. New roof coming soon thanks to Derecho. Unit 1 is vacant for showings. All others can be shown during the due diligence period. Please refer to documents attached for proforma. Some newer appliances, flooring, some newer HVAC.
    Exterior Features

    Architectural Style Two Story Construction Materials Brick Foundation Details PouredSlab

    Interior Features

    Cooling Window Unit(S) Flooring CarpetVinyl Furnished Unfurnished Heating BaseboardElectric Heating YN Yes

    Property Features

    Gross Income 4640 Lease Considered YN No Listing Terms CashConventional Lot Size Dimensions 159X93 Operating Expense 2237 Owner Pays InsuranceWater Property Sub Type Multi Family Tax Annual Amount 7435 Tenant Pays ElectricityGas Utilities Electricity AvailableNatural Gas AvailableWater Available Zoning L-Mul

    Listing provided courtesy of Re/Max Real Estate Concepts-Am. © 2020 Des Moines Multiple Listing Service.
    © 2020 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Capital City. Data last updated: 2020-10-25T14:21:54.113.
     
    https://bt-photos.global.ssl.fastly.net/desmoines/orig_boomver_1_616097-2.jpg https://bt-photos.global.ssl.fastly.net/desmoines/orig_boomver_1_616097-2.jpg https://bt-photos.global.ssl.fastly.net/desmoines/orig_boomver_1_616097-2.jpg
    Logo
    EXIT Realty Capital City
    2936 104th St.
    Urbandale IA, 50322