206 and 212 NW Walnut Street, Bridgewater, IA 50837
- $395,000
- 18
- BD
- 10
- BA
- List Price
- $395,000
- Status
- ACTIVE
- Days on Market
- 485
- Price Change
- ▼ $20,000 1768181343
- MLS#
- 718083
- Subtype
- Multi Family
- Bedrooms
- 18
- Bathrooms
- 10
- Full Baths
- 10
- Acres
- 0.83
- MLS Area Major
- 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.
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Additional Information
- Taxes
- $3,710
- Zoning
- MF
- Appliances
- Built-In Oven, Refrigerator
- Heating
- Baseboard, Electric
- Air Conditioning
- Window Unit(s)
- Roof
- Asphalt, Shingle
- Foundation
- Block, Poured
- School District
- Nodaway Valley
Mortgage Calculator
Listing courtesy of Stephen Patel with Pella Real Estate Services
Data courtesy of the Des Moines Area Association of REALTORS