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1630 15Th St Rock Valley, IA 51247

For Sale
$729,000

Multi-Unit (5+) - Rock Valley, IA

Property size:
9,000 SF
Days on Market:
124
Last Refresh:
Dec 14 at 3:06 am

Property Features for 1630 15Th St

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Laundry
Bathrooms
9
Parking features
Garage
Size
9,000 SF

Building Details

Year built
1993
Year renovated
1993
Floors in Building
2
Roof type
Flat
Architectural style
Other

Vande Vegte Zomer Realty & Auction (712) 476-9443

Listing agent Ryan Zomer (712) 476-9443

Listing date Aug 13, 2025

MLS# 11421163 Listing URL

Copyright © 2025 My State 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

Rock Valley 9-Unit Apartment Complex

This property features a 9-unit apartment complex that was remodeled approximately 20 years ago, with several updates completed over the years. The complex includes 5 apartments on the main level and 4 units on the upper level. A shared laundry facility is available, and a public laundromat is located directly across the street. Each unit is equipped with a separate electric furnace and a central air unit. A new Conklin material flat roof was installed in 2015. The complex offers ample parking and is situated near downtown Rock Valley with amenities. The property generates a steady rental income of $7,975 per month, or $95,700 annually. Recent updates include flooring and paint in some units when new tenants moved in, and four recently replaced water heaters. Apartment 2 received a new air conditioner in 2024. All lease agreements are month to month, except for unit #5, which expires on 12/01/2025. The owner is responsible for Mid-America services (except for unit #2) and currently pays for city water, garbage, and sewer services. Property taxes are $7,782 per year, utilities are $24,000 per year (including Mid-America electric and city water, sewer, and garbage), and insurance is $4,200 per year. The exterior is steel, with a Conklin roof installed in 2015. Rents are as follows: Apt 1 (2 bedroom) $850, Apt 2 (2 bedroom) $925, Apt 3 (2 bedroom) $950, Apt 4 (1 bedroom) $850, Apt 5 (1 bedroom) $800, Apt A (1 bedroom) $850, Apt B (2 bedroom) $850, Apt C (1 bedroom) $850, and Apt D (2 bedroom) $950. The property is located in Rock Valley, Iowa.
Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
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City
Rock Valley
County
Sioux
State
Iowa
Longitude
-96.293491
Latitude
43.204967

FAQs

What type of property is this?
Apartment building - Nine-unit apartment complex in Rock Valley, Iowa, generating steady rental income.
Where is this apartment building located?
The property is located at 1630 15Th St Rock Valley, IA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: - Nine-unit apartment complex generating $7,975 monthly ($95,700 annually) rental income.; - New flat roof (Conklin material) installed in 2015.; - Each unit has a separate electric furnace and central air unit.
More about this property
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