The Deal Flow

🎧 New Episode of The Deal Flow!

49-Unit Multifamily in Des Moines — halfway renovated with $150K in materials on-site.

We talk with Josh Kirby of Stanbrough Realty about pricing, upside, and how investors can finish this value-add project and cash flow strong.

🎧 Listen on Spotify → https://open.spotify.com/episode/4VBrxUYkOmaCXugLXfqwyZ?si=egP7PxHVRxiyWPNQ6Gq-Rg

🌐 Episode Page → https://www.thedealflow.us/episode-3

🏢 49 Units | 51% Occupied | 50% Renovated
💰 Mid-$2M Guidance | Exit ≈ $3.3M @ 7.75% cap

Joshua Kirby

🏢 Cedar Rapids, IA – 56-Unit Multifamily | $3.65M | Seller Open to Trade

C-class value-add opportunity in one of Iowa’s strongest multifamily markets.
Heavy two-bedroom mix (900+ sf average) with room for in-unit washer/dryer installs.

📍 Location: Cedar Rapids, IA
💰 Price: $3.65M
🏦 Structure: Seller open to trade for Florida real estate.
📈 Play: 18–24-month reposition — refinance, syndicate, or long-term hold.
💼 Broker: Josh Kirby, Stanbrough Realty

🎧 Hear the full conversation on The Deal Flow podcast:
https://open.spotify.com/episode/6Jmo2bDIaON2rzTyosUZLQ?si=4550a523abff443f

🔗 Official Links
🌐 Website: https://www.thedealflow.us
🎧 Spotify: https://open.spotify.com/show/7m1gZXliqKW45uGUOb5fSL
📬 Substack: https://substack.com/
𝕏 (Twitter): https://x.com/thedealflow_us

Joshua Kirby

The Deal Flow (@TheDealFlow_US) on X Bridging numbers & narrative in commercial real estate.

🏢 The Deal Flow — Episode 1: Ottumwa, IA Retail / Mixed-Use Center

Long-term ownership. Local tenants. Seller carry financing.

This week, we sit down with Josh Kirby of Stanbrough Realty (Des Moines, IA) to talk about a rare opportunity in Ottumwa, Iowa — a fully leased, 3-building retail and mixed-use portfolio at 613–641 E Pennsylvania Ave.

💡 Highlights:
• 3 parcels totaling 3 buildings
• 100% occupied — Nucara Pharmacy, local shops, and office tenants
• 4 new apartments added in 2020
• Offered at $1.8M
• Seller will finance with flexible terms (15–20% down, 5-year carry)
• Current NOI: $166,000
• Local management in place — turnkey for out-of-town investors

This is Main Street cash flow — blue-collar tenants, low turnover, and real stability in a market that’s been around forever.

🎧 Listen to the full conversation on Spotify:
👉 https://open.spotify.com/episode/1UwnPBDu11zH1hTHw9Iw01?si=DuSRuENRSL24WZyS7fTaow

Follow The Deal Flow for more off-market and creative-finance opportunities:
🔗 Website: www.thedealflow.us

📰 Substack: substack.com/

𝕏:
Joshua Kirby

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