418 S 1st St | Council Bluffs, IA 51503
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418 S 1st St
Council Bluffs, IA 51503
Multifamily Property For Sale · 2 Units
Investment Highlights
- 2 units
- Separately metered
- Value-add potential
- 10.40 cap
- Located near downtown CB
- Proforma NOI $21,840
Executive Summary
This top-and-bottom duplex features (two) three-bedroom, one-bath units, bringing in $2,800 per month. This property features separately metered utilities, with the landlord responsible only for water and trash. Detached garage provides off street parking/storage. This investment provides a strong opportunity for value-add through updates and leasing.
Located in central Council Bluffs, IA, 418 1st St provides easy access to everything the community has to offer. This property is in a well-established neighborhood with quick access to downtown Council Bluffs, nearby schools, parks, and shopping options. The area is appreciated for its historical roots and a strong sense of community, making it a popular choice for residents. With major roads and public transit close by, this location is convenient for both commuters and locals looking to take advantage of downtown Council Bluffs and the broader Omaha metro.
Located in central Council Bluffs, IA, 418 1st St provides easy access to everything the community has to offer. This property is in a well-established neighborhood with quick access to downtown Council Bluffs, nearby schools, parks, and shopping options. The area is appreciated for its historical roots and a strong sense of community, making it a popular choice for residents. With major roads and public transit close by, this location is convenient for both commuters and locals looking to take advantage of downtown Council Bluffs and the broader Omaha metro.
PROPERTY FACTS
| Price Per Unit | $149,324 CAD | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 10.40% | Lot Size | 0.17 AC |
| No. Units | 2 | Building Size | 2,460 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1910 |
| Price Per Unit | $149,324 CAD |
| Sale Type | Investment |
| Cap Rate | 10.40% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,460 SF |
| No. Stories | 2 |
| Year Built | 1910 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | 1,107 |
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