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$ 1,800,000
Est. payment | /mo
44 Beds
1 Bath
9,420 SqFt
$ 1,800,000
Est. payment | /mo
44 Beds
1 Bath
9,420 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,420 sqft
Price per Sqft $191
MLS Listing ID 741575
Bedrooms 44
Full Baths 1
HOA Y/N No
Year Built 1996
Annual Tax Amount $25,254
Lot Size 0.890 Acres
Acres 0.89
Property Description
Investment Opportunity
This well-maintained, single-owner apartment complex offers an exceptional turn-key investment in a stable Iowa community. Consisting of 3 buildings totaling 7,824 square feet on a generous 0.89-acre lot, the property features 22 units -all configured as spacious 2-bedroom, 1-bathroom layouts - and enjoys 100% occupancy, delivering immediate and reliable cash flow.
Built in 1996 with solid construction, this vintage-style multi-family property provides functional and comfortable floor plans that continue to attract long-term tenants. The complex includes ample parking and outdoor space, situated in a convenient location near downtown Colfax with easy access to local amenities, schools, and major transportation routes.
Key Highlights:
22 units ? all 2 bed / 1 bath
-100% occupancy with strong rental demand
-Single-owner property (family-owned and operated)
-3 buildings totaling 7,824 sq ft on 0.89 acres
-Vintage charm with practical, well-built design
-Excellent parking and outdoor space
-Strong income-producing asset
Perfect for investors seeking a fully occupied, cash-flowing multi-family property with consistent performance. Colfax's small-town appeal combined with proximity to larger employment centers supports continued tenant stability and demand.
Serious inquiries only - contact for detailed financials, rent roll, unit photos.
All information obtained from seller and public records.
This well-maintained, single-owner apartment complex offers an exceptional turn-key investment in a stable Iowa community. Consisting of 3 buildings totaling 7,824 square feet on a generous 0.89-acre lot, the property features 22 units -all configured as spacious 2-bedroom, 1-bathroom layouts - and enjoys 100% occupancy, delivering immediate and reliable cash flow.
Built in 1996 with solid construction, this vintage-style multi-family property provides functional and comfortable floor plans that continue to attract long-term tenants. The complex includes ample parking and outdoor space, situated in a convenient location near downtown Colfax with easy access to local amenities, schools, and major transportation routes.
Key Highlights:
22 units ? all 2 bed / 1 bath
-100% occupancy with strong rental demand
-Single-owner property (family-owned and operated)
-3 buildings totaling 7,824 sq ft on 0.89 acres
-Vintage charm with practical, well-built design
-Excellent parking and outdoor space
-Strong income-producing asset
Perfect for investors seeking a fully occupied, cash-flowing multi-family property with consistent performance. Colfax's small-town appeal combined with proximity to larger employment centers supports continued tenant stability and demand.
Serious inquiries only - contact for detailed financials, rent roll, unit photos.
All information obtained from seller and public records.
Location
State IA
County Jasper
Area Colfax
Zoning MR R3
Interior
Heating Forced Air, Gas, Natural Gas
Cooling Central Air
Furnishings Unfurnished
Fireplace No
Exterior
Roof Type Asphalt,Shingle
Private Pool No
Building
Dwelling Type Apartment,Multi Family
Sewer Public Sewer
Water Public
Schools
School District Colfax-Mingo
Others
Tax ID 1101337001
Monthly Total Fees $2, 104
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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