600 1st Ave, Council Bluffs, IA 51501

This property consist of an impressive 12 unit apartment building and an adjacent duplex. Both buildings are situated on the same lot with common parking, the property is immediately across the street from Bayliss Park in the Haymarket District of Council Bluffs. Recent major improvements include new EverSeal roofing with 50year transferrable warranty, 12 new central air units, a new asphalt parking lot, and many interior renovations. Most of the units have seen substantial remodeling leaving the units with a mix of the old world charm as well as modern comforts like new kitchens that feature LVT flooring and granite counters! The cashflow on this property is impressive as well! With over $123K annual revenue this property is being offered at a 9.4% CAP rate with 100% occupancy!