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