For Sale

Autumn Park Apartments

131 N Washington Ave,
Sheldon, IA 51201

Asset Snapshot

Extended Stay
Multifamily Subtype
1978
Year Built
3
Floor Count
1.51 Acres
Land Area
48 Units
Unit Count
36,636 SF
Property Size
67%
Occupancy

Offering Summary

Investment Overview

48 spacious one-bedroom HUD Section 8 apartments at around 552 square feet each. Additional storage units and mobility impaired accessible apartments. All utilities are included. Cable/ internet is available at the resident’s expense. Ample resident open parking available adjacent to the building. There are laundry facilities on the first floor and large community room for social events and family gatherings. Autumn Park offers quality and affordable housing for persons 62 years of age or older or persons with a disability. Eligible residents pay 30% of their annual adjusted gross income towards rent. Applicants may have assets, cash, savings, stocks, or annuities, etc.… and may still qualify for housing! 1/3 of the roof was just replaced and there is some deferred maintenance around the property, of which the price is reflective of such at just $20,000 per door!


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Listing Syndicated From

Buildout
Accepting Offers
$960,000
Asking Price

Investment Sales Broker

Beau Braunger, SIOR, CCIM
NAI United

Market Insights