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Off market
  • $1,144,000

    600 1st Ave, Council Bluffs, IA 51501

    --beds
    0baths
    16,429sqft
    MultiFamily
    Built in 1925
    -- sqft lot
    $1,144,000 Zestimate®
    $70/sqft
    $1,263 Estimated rent
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    What's special

    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!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Heat pump, Gas
    Cooling
    • Central
    Appliances
    • Included: Dryer, Refrigerator, Washer
    Interior area
    • Total interior livable area: 16,429 sqft

    Property

    Features
    • Exterior features: Brick

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1925

    Community & neighborhood

    Location
    • Region: Council Bluffs

    Other

    Other facts
    • Exterior: Brick
    • Appliances: Dryer - Coin, Refrigerator, Stove, Washer - Coin
    • Features: Carpets, Hardwood
    • Features: Common Util Room
    • Features: Patio
    • Miscellaneous: Individual Elec Mtrs, Security Deposit, Individual Gas Mtrs
    • Inspections: Self Inspected
    • Util Pd/by Renter: Electric, Gas
    • Util Paid/Owner: Garbage, Water, Electric, Common Area Only
    • Located City/County: City
    • Type of Property: Apartment Building
    • Features: Extra Storage
    • Heat/Cooling: Gas FA, Central A/C, Heat Pump
    • Number of Stories: 3 or More
    • Features: Private Entrance
    • Roof: Flat
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

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    $1,144,000
    2% more+ $22,880
    With Zillow Showcase(estimated)
    $1,166,880