619 Layne Dr, West Burlington, IA 52655

Exceptional investment opportunity in West Burlington, Iowa. This 2021-built Class A multifamily property comprises nine luxury two-bedroom, two-bathroom condominium units, each meticulously designed for modern living. The 1,340 square foot building sits on a 0.2-acre lot (APN: 10-35-178-025) and is currently fully leased, generating a gross annual rent of $216,000 ($2,000 per unit). A strong net operating income (NOI) of $147,815 yields a desirable cap rate of approximately 6.16%. Low vacancy rates are ensured by the prime location and high-demand luxury accommodations. Professional management is in place and prepared to continue operations under new ownership. This turnkey investment offers a compelling return on investment with minimal vacancy risk. The property is located at 619 Layne Dr, West Burlington, IA 52655. The asking price for this exceptional property is $2,290,000.