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Multifamily

Nottingham on the Hill

850 1st Ave, Clinton, IA 52732

Listing Price: $1,995,000

Cap Rate
7.34%
Number of Units
66
GRM
4.97
Occupancy
92.5%
Price/Unit
$30,227
Price/Gross SF
$57.81
Gross SF
34,510

Investment Overview

Marcus & Millichap is pleased to present Nottingham on the Hill apartments.
Nottingham on the Hill is a 66-unit California style apartment complex located
in Clinton, Iowa. Clinton is approximately 35 miles northeast of the Quad Cities
of the Mid-Mississippi Valley (Davenport, IA; Bettendorf, IA; Rock Island, IL;
East Moline, IL). Clinton is a river town located along the Mississippi with a rich
history of industrious innovators. Once a prosperous logging town, Clinton is now
a prime location for industrial and commercial development and the home to
many national and local businesses. The subject property has continued to hold a
low vacancy rate due to long-term tenancy.
Nottingham on the Hill consists of 12 studio units (approximately 355 square
feet), 28 one-bedroom / one-bathroom units (approximately 500 square feet), 20
two bedroom / one-bathroom units (approximately 600 square feet), four two-bedroom
/ one and-one-half bathroom units (approximately 600 square feet) and
two three bedroom / one-and-three-quarter bathroom units (approximately 925
square feet). These units feature air conditioning, walk-in closets, and a patio/
balcony. The complex contains on-site coin-operated washers and dryers.
Here, an investor has an opportunity to purchase this stable, 66-unit apartment
complex with the opportunity to achieve above average cash-on-cash returns.

Investment Highlights

  • Convenient Location
  • Long-Term Tenants
  • Tenant-Heated Units
  • Strong Unit Mix
  • Coin-Operated Laundry

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Multifamily

Nottingham on the Hill

Listing Price: $1,995,000

Cap Rate
7.34%
Number of Units
66
GRM
4.97
Occupancy
92.5%
Price/Unit
$30,227
Price/Gross SF
$57.81
Gross SF
34,510

Investment Highlights

  • Convenient Location
  • Long-Term Tenants
  • Tenant-Heated Units
  • Strong Unit Mix
  • Coin-Operated Laundry

Investment Overview

Marcus & Millichap is pleased to present Nottingham on the Hill apartments.
Nottingham on the Hill is a 66-unit California style apartment complex located
in Clinton, Iowa. Clinton is approximately 35 miles northeast of the Quad Cities
of the Mid-Mississippi Valley (Davenport, IA; Bettendorf, IA; Rock Island, IL;
East Moline, IL). Clinton is a river town located along the Mississippi with a rich
history of industrious innovators. Once a prosperous logging town, Clinton is now
a prime location for industrial and commercial development and the home to
many national and local businesses. The subject property has continued to hold a
low vacancy rate due to long-term tenancy.
Nottingham on the Hill consists of 12 studio units (approximately 355 square
feet), 28 one-bedroom / one-bathroom units (approximately 500 square feet), 20
two bedroom / one-bathroom units (approximately 600 square feet), four two-bedroom
/ one and-one-half bathroom units (approximately 600 square feet) and
two three bedroom / one-and-three-quarter bathroom units (approximately 925
square feet). These units feature air conditioning, walk-in closets, and a patio/
balcony. The complex contains on-site coin-operated washers and dryers.
Here, an investor has an opportunity to purchase this stable, 66-unit apartment
complex with the opportunity to achieve above average cash-on-cash returns.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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