206 and 212 NW Walnut Street, Bridgewater, IA 50837
$395,000
Price Decreased
- MLS# 718083
- Bedrooms 18
- Bathrooms 10
- Total Sq.ft N/A
- Property Type Multi-Family
- Basement CrawlSpace,Finished
- Year Built N/A
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.
Legal: LOTS 1,2,3,4,5,6, BLK. 4 O.T.
Legal: LOTS 1,2,3,4,5,6, BLK. 4 O.T.
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LISTED BY
Pella Real Estate Services, Stephen Patel (641.780.9979)
Property Location
Request Info For MLS #718083
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