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- LoopNet Team
202 S Ward St
Ottumwa, IA 52501
Stuart Apartments · Residential Property For Sale · 17 Units
Investment Highlights
- Value Add Opportunity
- Below Market Rent
- Immediate Cash Flow
- All New Roof
PROPERTY FACTS
| No. Units | 17 | Building Size | 21,292 SF |
| Property Type | Residential | Average Occupancy | 100% |
| Property Subtype | Apartment | Number of Floors | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1950/1978 |
| Lot Size | 0.80 AC |
| No. Units | 17 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.80 AC |
| Building Size | 21,292 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1950/1978 |
About 202 S Ward St , Ottumwa, IA 52501
CBRE|Hubbell Commercial is the exclusive advisor for the multifamily sale of the Stuart Apartments located at 202 S Ward Street in Ottumwa, Iowa. This investment opportunity is perfect for an investor looking for strong cashflow with the ability and upside to significantly increase rents with minimal improvements. In total there are seventeen units consisting of fifteen spacious two-bedroom/one-bathroom units and two large efficiency/one-bathroom units. Overall the Ottumwa market has boasted strong rental occupancies as there have been few new apartments developments to house the demand of renters. Ottumwa is located in Wapello County in southeast Iowa along two interconnecting highways known as Highway 63 and Highway 34. The town is by a bend in the Des Moines River which breaks up the north and south sides of the community. Ottumwa is 22 miles southeast of Oskaloosa, 23 miles west of Fairfield, 44 miles west of Mount Pleasant, and just 75 miles southeast of the State Capital in Des Moines. The subject property is located on the crossing streets of Ward and Wilson in a Centralized neighborhood of South Ottumwa. The property is just three blocks west of Agassiz Elementary School, five blocks east of Douma Elementary School, and finally under ten blocks west from John Deere Ottumwa Works.
PROPERTY TAXES
| Parcel Number | 007417200169000 | Improvements Assessment | £415,273 |
| Land Assessment | £27,720 | Total Assessment | £442,993 |
PROPERTY TAXES
zoning
| Zoning Code | R-3 |
| R-3 |
