206 and 212 NW Walnut Street, Bridgewater, IA 50837
Share Listing
Listing Type
Multi Family
Listing Status
Active
12
$415,000
Home Details for 206 and 212 NW Walnut Street
Price
$415,000
Type
Residential Income
Bedrooms
18
Bathrooms
10.0
Square feet
NaN
Lot size acres
0.83
County
Adair
Garage
Basement
Crawl Space, Finished
Days on site
209
MLS Listing#
718083
Property Description
This well-maintained multifamily property features a 4-unit and 6-unit brick apartment complex on a spacious 0.83-acre lot. The portfolio includes eight 2-bedroom units and two 1-bedroom units, offering stable income with a strong 10% cap rate. Recent upgrades include newer roofs, soffit, fascia, gutters, 31 new windows, and the removal of five trees for improved property aesthetics. Units have seen varying levels of renovation, ensuring minimal capital improvements for the new owner. On-site laundry currently offered free—convert to coin-operated or tenant-billed utilities to increase revenue. Value-add potential through rent increases and utility optimization makes this a smart buy for any investor looking to grow their portfolio in a quiet, stable market.
Property Features
Heating Information
Baseboard
Electric
Utilities
Electricity Available
Water Available
Basement
Crawl Space
Finished
Cooling Information
Window Unit(s)
Water Features
Public
Listing Courtesy: Pella Real Estate Services - 641-628-1289