206 and 212 NW Walnut Street, Bridgewater, IA 50837
- $395,000
- 18
- BD
- 10
- BA
- List Price
- $395,000
- Status
- ACTIVE
- MLS#
- 718083
- Price Change
- ▼ $20,000 1768181343
- Bedrooms
- 18
- Bathrooms
- 10
- Region
- Bridgewater
Property Description
New Price ~ 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.
Additional Information
- Street Name
- NW Walnut Street
- Agent Id
- 40006
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Crawl Space, Finished
- Foundation
- Block, Poured
- Roof
- Asphalt, Shingle
- Zip
- 50837
- Region
- Bridgewater
- City
- Bridgewater
- Acres
- 0.83
- School District
- Nodaway Valley
- Zoning
- MF
Mortgage Calculator
Listing courtesy of Pella Real Estate Services.
Data courtesy of the Des Moines Area Association of REALTORS