Bought with Haifa M Drummey • Heartland Properties
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Key Details
Sold Price $160,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,862 sqft
Price per Sqft $85
MLS Listing ID 25-934
Sold Date 07/01/25
Year Built 1900
Annual Tax Amount $2,214
Tax Year 2023
Acres 0.12
Property Sub-Type Other
Property Description
Fully leased downtown mixed-use investment property offering immediate income and long-term upside. The main floor features a 551 SF commercial unit currently leased at $775/month. Upstairs is a spacious 3-bedroom, 1-bath apartment leased at $1,200/month plus an additional $75/month in pet rent -- bringing total monthly income to $2,050 ($24,600 annually).This property is professionally managed, providing a low-maintenance, turnkey option for both local and out-of-town investors. Located just steps from The Hub and the Council Bluffs Library, it's positioned in a high-visibility corridor with consistent tenant demand.Bonus: Two adjacent lots are also available for purchase, offering potential for expansion, off-street parking, or future development -- a rare opportunity.
Location
State IA
County Pottawattamie
Area Area 7
Interior
Heating Central A/C, Gas FA
Cooling Central A/C, Gas FA
Building
Lot Description .12
Story 2.0
Schools
Elementary Schools Bloomer
Middle Schools Gerald W Kirn
High Schools Abraham Lincoln
School District Council Bluffs
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