Investment Opportunity in Adel, IA. This 24-unit multifamily property offers a balanced mix of 12 two-bedroom units, 9 one-bedroom units, and 3 studio apartments. Each residence features a full bathroom along with essential appliances including stove, refrigerator, microwave, and dishwasher (dishwasher not included in studios). Approximately 50% of the units have been fully renovated with modern upgrades-new flooring, fresh paint, updated trim, enhanced lighting, stylish kitchen cabinetry, and updated appliances. On-site coined laundry adds convenience for residents. With its prime location and strong rental mix, this property presents an excellent opportunity for investors seeking both immediate income and long-term growth potential.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $2,200,000 | $∞ | EXIT Realty & Associates |
Year | Annual Amount | Description |
---|---|---|
$26,550 | ADEL VILLAGE CONDOS BLDG B |
Elementary School Adm Elementary School | 0.7 miles away | PK - 02 | |
Middle School Adm 6 - 7 Middle School | 0.9 miles away | 06 - 07 | |
Middle School Adm 8 - 9 Middle School | 1.1 miles away | 08 - 09 |