6-Unit Townhome Apartment
For Sale
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2012 2014 2018 2020 2024 & 2026 Otley Avenue, Perry, IA 50220
Each residence has three bedrooms, two-and-a-half baths, and an attached two-car garage.
Property SizeContact for details
Lot Size0.82 Acres
Days on Market12
Property Features for 2012 2014 2018 2020 2024 & 2026 Otley Avenue
General Information
Standard status
Active
Lot size
0.82 Acres
Property subtype
Multifamily
Financials
Asking Price
$1,319,000
Average Monthly Rent
$1,587
Units
Unit Mix
6 x 3BR/2.5BA
Multifamily Units
6
Building Details
Year Built
2024
Buildings
1
Stories
2
Listing Agency:
CBRE - Des Moines
Listed By:
Ray Hamilton · License #S66838000
Source:
Crexi
Added: Sep 16
Changed: Sep 26
Last Checked: Sep 26 at 5:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Des Moines
Investment Insights
Based on property information with market context.
Completed in 2024, this two-story apartment property contains six townhome residences. Each unit has a 3BR/2.5BA layout and averages 1,468 square feet, with an attached two-car garage. The property spans 0.82 acres across six parcels in Perry, Iowa.
A building tax abatement applies through assessment year 2035. The abatement is 100% through 2030, then steps down to 85% in 2031, 60% in 2032, 45% in 2033, 30% in 2034, and 15% in 2035.
A building tax abatement applies through assessment year 2035. The abatement is 100% through 2030, then steps down to 85% in 2031, 60% in 2032, 45% in 2033, 30% in 2034, and 15% in 2035.
Key Highlights
- Six townhome units, each with a 3BR/2.5BA layout
- Built in 2024; two stories
- Average unit size of 1,468 square feet
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 50220, IA
9,045
Population
3,925
Households
2.3
Avg Household Size
37
Median Age
17%
College-Educated
87%
High-School Grad
100.5 sq mi
ZIP Area
90
Density / Sq Mi
$68,750
Median Household Income
$38,195
Median Earnings
$883
Median Rent
$146,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has three bedrooms, two-and-a-half baths, and an attached two-car garage.
Where is this apartment building located?
The property is located at 2012 2014 2018 2020 2024 & 2026 Otley Avenue Perry, IA.
What is the asking price?
The asking price for this property is $1,319,000.
What are key features of this property?
This property features: Six townhome units, each with a 3BR/2.5BA layout; Built in 2024; two stories; Average unit size of 1,468 square feet
