802 Avenue B | Council Bluffs, IA 51503
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802 Avenue B
Council Bluffs, IA 51503
Residential Property For Sale · 4 Units
Investment Highlights
- 4 units
- Separately metered
- Value-add potential
- 9.67 cap
- Located near downtown CB
- Proforma NOI $23,205
Executive Summary
This multifamily fourplex consists of (four) one-bedroom, one-bath units, generating a gross income of $2,975 per month. This property features separately metered utilities, with the landlord responsible only for water and trash. The sale also includes a proposed assignable insurance claim. The investment offers a prime opportunity for value-add through renovation and leasing.
Located in the heart of Council Bluffs, IA, 802 Ave B offers prime access to the city's vibrant community and essential amenities. This property is situated in a well-established neighborhood, providing convenient proximity to downtown Council Bluffs, local schools, parks, and shopping centers. The area is known for its rich history and close-knit community feel, making it an attractive option for residents. With easy access to major roadways and public transportation, these properties are ideally positioned for both commuters and locals looking to enjoy the best of what Council Bluffs has to offer.
Located in the heart of Council Bluffs, IA, 802 Ave B offers prime access to the city's vibrant community and essential amenities. This property is situated in a well-established neighborhood, providing convenient proximity to downtown Council Bluffs, local schools, parks, and shopping centers. The area is known for its rich history and close-knit community feel, making it an attractive option for residents. With easy access to major roadways and public transportation, these properties are ideally positioned for both commuters and locals looking to enjoy the best of what Council Bluffs has to offer.
PROPERTY FACTS
| Price Per Unit | £47,262 | Apartment Style | Single Family Home |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 9.67% | Lot Size | 0.09 AC |
| No. Units | 4 | Building Size | 2,352 SF |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1890 |
| Price Per Unit | £47,262 |
| Sale Type | Investment |
| Net Initial Yield | 9.67% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 2,352 SF |
| Number of Floors | 2 |
| Year Built | 1890 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 1,296 |
PROPERTY TAXES
| Parcel Number | 7544-25-355-019 | Improvements Assessment | £96,572 |
| Land Assessment | £11,264 | Total Assessment | £107,836 |
PROPERTY TAXES
Parcel Number
7544-25-355-019
Land Assessment
£11,264
Improvements Assessment
£96,572
Total Assessment
£107,836
zoning
| Zoning Code | R-3 |
| R-3 |
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