20-Unit Apartment Investment Package – Three Mount Ayr Locations

105 N Webster, 400 N Fillmore and S West Street, Mount Ayr, Iowa, 50854

Photos

* FOR SALE

$725,000

MLS: 14022-000208

1.78 Acres

14,986 SqFt

What You Should Know

20-Unit Apartment Complex
SIRHA Qualified
Investment Property
Established Rental Property
Long-term Investment Opportuni
20 Total Rental Units
Well Maintained Apartments
Apartment Investment Opportuni

Why You'll Love It

INVESTMENT OPPORTUNITY – 20 APARTMENTS IN THREE MOUNT AYR LOCATIONS!

An excellent opportunity to acquire an established 20-unit apartment portfolio in Mount Ayr, Iowa! This package includes three separate apartment locations, offering investors an opportunity to expand their rental portfolio with multiple units in one convenient community.

The portfolio consists of 20 apartments across four brick buildings at three locations:

105 N. Webster Street: Six 2-bedroom apartments, originally built in 1971.
400 N. Fillmore Street: Four 2-bedroom apartments, originally built in 1972.
Third Location – Two Buildings: Ten apartments total, with each building featuring two 2-bedroom apartments and three 1-bedroom apartments. Originally built in 1975.

All buildings feature brick construction, individual electric heat, window air conditioning units, and designated laundry areas for tenant convenience. An added benefit for investors is that the properties qualify through SIRHA for rental assistance, providing an additional rental opportunity for qualifying tenants.

Significant exterior improvements have already been completed, with new roofs, gutters, and downspouts installed on all units in 2024.

With 20 total apartments offering a combination of one- and two-bedroom floor plans, this property package provides an opportunity to own an established multi-location rental investment in Mount Ayr.

All three locations, consisting of all 20 apartments, are being offered together as one complete package. Investors looking for an opportunity to acquire multiple rental units in one transaction will want to take a closer look at this offering!

Interested in learning more about this investment opportunity? To schedule a private showing, request additional information, or discuss the possibilities this 20-unit apartment package has to offer, contact the Listing Broker, Rhonda Triggs, United Country Southern Iowa Real Estate, directly at 712-621-1960. Call or text today!