Download Marketing Package & Financial Summary Here

Download Marshalltown_Sundance_Marshalltown_IA_Marketing_Package_1-10-2017.pdf
  • Rents are well below Max Net Rents
  • Within Minutes of Shopping, Restaurants, Parks, Schools, & Entertainment
  • 2 & 3 Bedroom Floor Plans
  • Located 3.2 miles from Marshalltown Community College

1407 South 7th Avenue
Marshalltown, IA 50158

  • Status: Closed
  • Price: $1,400,000
  • # of Units: 32
  • Rentable SF: 27,520
  • Price per Unit: $43,750
  • Price per SF: $50.87
  • Year Built: 1999
  • # of Buildings: 2
  • Lot Size: 5.26 Acres
  • Density: 6.08 Units/ Acre
  • # of Stories: 2
  • Download Marketing Package:
  • Description:

    • Marshalltown Sundance Apartments is a 32-unit affordable housing community
      located in Marshalltown, IA. Within blocks of the property you’ll find public parks,
      schools, shopping, entertainment, and other area amenities. Residents benefit
      from well maintained grounds, on-site leasing office, and playground.

      Marshalltown Sundance was built and placed into service in 1999 under the
      Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing
      regulatory agreement in place which requires all units to be rented to income
      qualifying residents earning no more than 60% of Area Median Income (AMI)
      limits, which are provided by Iowa Housing Finance Authority. The property is out
      of its initial tax credit compliance period. A qualified purchaser can be a non-profit or for-profit entity that agrees to maintain the affordable housing units and to fulfill all requirements
      of an existing regulatory agreement.