Building Details

Year Renovated 2019

Stories 1

Tenancy Multi

Listing Agency: Realty ONE Group Impact c***@gmail.com Show Phone

Listed By: Crystal Arguello · License #IA S653305000

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 10:32AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group Impact

Investment Insights

Based on property information with market context.

This portfolio includes four five-unit, one-level apartment buildings sold as a package. The properties feature maintenance-free brick exterior construction, with new roofs and new windows installed in 2019. The majority of units have been updated, and there is additional opportunity to update the remaining units as they become available.

The buildings are located a few blocks from each other in Bayard, and all units can be toured once an offer has been accepted. The property is described as HUD qualifying, with tenants paying for electricity and the owner paying for water.

Current 2-bedroom rent is described at $650, with the fair market rental rate and HUD rate stated as $739 for a 2-bedroom unit.

Key Highlights

• Portfolio package includes four separate 5‑unit, one‑level apartment buildings
• New roofs and new windows installed in 2019, plus maintenance‑free brick exterior
• Most units have been updated, with additional value‑add opportunities as other units become available

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Building Supply Auto Repair Shop Grocery & Convenience Store Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Explore this area Business Placement

Demographics for 50029, IA

614

Population

304

Households

2

Avg Household Size

42

Median Age

16%

College-Educated

97%

High-School Grad

38.4 sq mi

ZIP Area

16

Density / Sq Mi

$44,531

Median Household Income

$26,686

Median Earnings

$917

Median Rent

$72,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Four five-unit, one-level buildings with newer roofs and windows, updated interiors, and a maintenance-free brick exterior.

Where is this apartment building located?

The property is located at 106 2nd St Bayard, IA.

What are key features of this property?

This property features: Portfolio package includes four separate 5‑unit, one‑level apartment buildings; New roofs and new windows installed in 2019, plus maintenance‑free brick exterior; Most units have been updated, with additional value‑add opportunities as other units become available