Multifamily
Nexus Townhomes
500 Layne Dr, West Burlington, IA 52655
Listing Price: $10,575,000
Investment Overview
newly constructed Class A multifamily property completed in 2024,
featuring 52 high-quality residential units in a strong Southeast Iowa location. This
turnkey asset offers a balanced unit mix consisting of (8) three-bedroom, 2.5-bath units,
(24) two-bedroom, one-bath units, and (20) one-bedroom, one-bath units. Each
apartment is outfitted with premium finishes including soft-close cabinetry, luxury vinyl
plank flooring, energy-efficient Pella windows, and individual HVAC, plumbing, and
electrical systems.
Nexus Townhomes
Investment Highlights
- 52 existing units with ability to add two more buildings.
- The property is thoughtfully designed with community in mind, offering amenities such as a dog park, playground, and ample green space. Tenants enjoy the convenience of in-unit laundry.
- 5-Year Tax Abatement commencing in 2027
Broker of Record
Listing Price: $10,575,000
Investment Highlights
- 52 existing units with ability to add two more buildings.
- The property is thoughtfully designed with community in mind, offering amenities such as a dog park, playground, and ample green space. Tenants enjoy the convenience of in-unit laundry.
- 5-Year Tax Abatement commencing in 2027
Investment Overview
newly constructed Class A multifamily property completed in 2024, featuring 52 high-quality residential units in a strong Southeast Iowa location. This turnkey asset offers a balanced unit mix consisting of (8) three-bedroom, 2.5-bath units, (24) two-bedroom, one-bath units, and (20) one-bedroom, one-bath units. Each apartment is outfitted with premium finishes including soft-close cabinetry, luxury vinyl plank flooring, energy-efficient Pella windows, and individual HVAC, plumbing, and electrical systems.
Broker of Record
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