CASH-Cow Updated 5plex!
1026 8th St.
Boone, IA 50036
- 40% of Units Updated
- Actual Income/Expenses Utilized
- 16.42% Cash-on-Cash Return
The Katalyst Team as part of KW Commercial is pleased to offer for sale this converted 5plex located in Boone, IA. With two of the 5 units recently updated coupled with three long-term tenants who's average stay is 11+ years, this property is a cash-cow and offers not only immediate cashflow but also upside potential through renovations as tenants vacate.
Located in Boone, IA, Boone is the county seat for Boone County and boasts a population of 12,470 people. This property sits adjacent to Hyvee, Dollar General, and O'Reily Autoparts as well as being a walking distance from downtown Boone.