Listing Agency: JPAR- The Sears Group s***@spacemakersgroup.com Show Phone

Listed By: Steven Tran · License #TX 705994

Source: Crexi

Added: Apr 24 Changed: Aug 8 Last Checked: Jul 20 at 10:52PM

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Investment Insights

Based on property information with market context.

This for-sale 15-unit single-family portfolio is turnkey and currently fully leased, with all homes tenant-occupied and described as well maintained. The offering is structured as a residential income package for investors seeking immediate rental revenue supported by current occupancy.

The portfolio is located at 615 W K St in Forest City, Iowa. Public remarks indicate the property is bringing in $10,400 per month in rent.

For additional details or to arrange next steps, contact the listing team using the information provided in the remarks.

Key Highlights

• 15‑unit single‑family rental portfolio in Forest City, Iowa
• Fully leased with $10,400/month in collected rent
• All homes are tenant‑occupied and described as well maintained

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Law Firm Real Estate Agency Pharmacy Bakery (Bike/Boat/Book/etc) Store

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

15

Residential units

100%

Occupancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

361

Businesses Nearby

Explore this area Business Placement

Demographics for 50436, IA

5,816

Population

2,534

Households

2.3

Avg Household Size

40

Median Age

25%

College-Educated

95%

High-School Grad

135.3 sq mi

ZIP Area

43

Density / Sq Mi

$68,600

Median Household Income

$40,435

Median Earnings

$761

Median Rent

$164,300

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 - Turnkey 15-unit portfolio is fully leased with $10,400/month in collected rent.

Where is this apartment building located?

The property is located at 615 W K St Forest City, IA.

What are key features of this property?

This property features: 15‑unit single‑family rental portfolio in Forest City, Iowa; Fully leased with $10,400/month in collected rent; All homes are tenant‑occupied and described as well maintained