Six-Unit Apartment
2018 Otley Avenue, Perry, IA 50220
For Sale
$1,319,000
Newly constructed duplex-style residences are fully occupied and include attached two-car garages.
Property SizeContact for details
Lot Size0.82 Acres
Days on Market55
Property Features for 2018 Otley Avenue
General Information
Standard status
Lot size
Property subtype
Occupancy
Financials
Asking Price
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Buildings
Stories
Listed By:
Ray Hamilton
(515) 415-6111
Source:
Cbre
Added: Sep 20
Changed: Nov 6
Last Checked: Nov 12 at 4:35AM
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 Ray Hamilton
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Investment Insights
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Completed in 2024, this six-unit apartment property comprises three duplex buildings with two-story layouts. Every residence offers three bedrooms and two-and-one-half bathrooms, with an average unit size of 1,468 square feet and an attached two-car garage. The property is 100% occupied and includes six separately parceled units across 0.82 acres.
The community is located in Perry, Iowa, approximately 30 miles northwest of the Des Moines Metro. Highway 141 provides access to the Des Moines MSA, while Perry serves surrounding communities as a regional center. The property also benefits from a 10-year tax abatement through assessment year 2035, with the abatement stepping down beginning in 2031.
The community is located in Perry, Iowa, approximately 30 miles northwest of the Des Moines Metro. Highway 141 provides access to the Des Moines MSA, while Perry serves surrounding communities as a regional center. The property also benefits from a 10-year tax abatement through assessment year 2035, with the abatement stepping down beginning in 2031.
Key Highlights
- Six units configured as 3 duplex buildings
- All units are 3BR/2.5BA with an average size of 1,468 square feet
- Completed in 2024
Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed duplex-style residences are fully occupied and include attached two-car garages.
Where is this apartment building located?
The property is located at 2018 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 units configured as 3 duplex buildings; All units are 3BR/2.5BA with an average size of 1,468 square feet; Completed in 2024
