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    106 N 1St St Fertile, IA 50434

    For Sale
    $299,000

    Apartment - Fertile, IA

    Type:Apartment
    Lot size:
    0.25 Acres
    Days on Market:
    145
    Last Refresh:
    Dec 7 at 10:06 am

    Property Features for 106 N 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    APN
    019+09-35-152-011
    Parking features
    Garage
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1920
    Number of units
    5
    Building materials
    Brick
    Architectural style
    Other

    Schoneman, REALTORS (641) 923-2813

    Listing agent Kyle Schoneman (641) 923-2813 License #***

    Listing date Jul 16, 2025

    MLS# 6325651 Listing URL

    Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fertile Apartment Building Investment Opportunity

    This converted apartment building in Fertile, Iowa, presents an investment opportunity. The property features a total of five units, including four two-bedroom units and one three-bedroom basement unit. On-site laundry facilities are available for tenants. A large detached garage and additional parking spaces are included. Some units have been updated between tenants. Four of the five units are currently leased and the property is expected to be 100% occupied by April 1, 2025. The property is situated on a 0.25-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Bar & Pub Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fertile
    County
    Worth
    State
    Iowa
    Longitude
    -93.418009
    Latitude
    43.265127

    FAQs

    What type of property is this?
    Apartment building - Converted apartment building with five units and attractive return on investment.
    Where is this apartment building located?
    The property is located at 106 N 1St St Fertile, IA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Investment opportunity with attractive return on investment.; - Converted apartment building with **5 total units** (4 - 2 BR, 1 - 3 BR).; - **4 of 5 units currently leased**, 100% occupancy by April 1, 2025.
    (641) 923-2813
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    106 N 1St St Fertile, IA 50434
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    Fertile, IA 50434
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106 N 1St St Fertile, IA 50434
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