Basics
- Date added: Added 4 months ago
- Category: Residential Income
- Type: Apartment
- Status: Active
- Bedrooms: 29
- Bathrooms: 18
- Area: 11309 sq ft
- County Or Parish: Waterloo
- MLS ID: 40640163
Description
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Description:
Prime investment opportunity with this very well maintained 16-unit apartment building, ideally situated on a 0.436-acre lot in a peaceful residential neighborhood. This purpose-built complex features a diverse unit mix, including three spacious 3-bedroom/1-bath units, twelve 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit. The property presents substantial potential for revenue growth. Investors can capitalize on additional income streams through the introduction of parking fees, utility recapture, and rent increases upon unit turnover. Moreover, building permits are pending to add four net new units by reconfiguring the lower level’s three bed, one bed, laundry and storage room into eight one bed units, significantly boosting rental income. Six of the units have already undergone complete renovations, featuring modern upgrades such as new flooring, kitchens, bathrooms, breaker panels, and the addition of dishwashers and in-suite laundry.
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Location
- Parking Total: 16
- Directions: North on Ahrens from Wilhelm
Building Details
- Number Of Units Total: 16
- Building Area Total: 11309 sq ft
- Number Of Buildings: 0
- Construction Materials: Brick
- Roof: Flat
Amenities & Features
- Water Source: Municipal
- Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Sewer: Sewer (Municipal)
- Cooling: None
- Interior Features: Separate Heating Controls
- Heating: Natural Gas, Radiant
