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    919 6Th Ave DeWitt, IA 52742

    Sponsored
    For Sale
    $685,000

    Six-unit building, high rental income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity in DeWitt, Iowa, presents a unique blend of commercial and residential spaces within a single building at an asking price of $685,000. Located at 919 6th Avenue, this property boasts a rich history, having been constructed in 1902. The building comprises a total of six units, strategically divided to maximize income potential. The ground floor features two sizable retail spaces, previously occupied by a restaurant and an antique store, offering versatile options for future tenants. These spaces could easily be adapted to accommodate a bar, office space, or various retail ventures. Upstairs, four well-maintained apartment units provide consistent rental income. The residential units consist of three one-bedroom apartments and one two-bedroom apartment, catering to a diverse range of tenants. This property's combination of commercial and residential units makes it an ideal investment for both seasoned investors and business owners seeking a diversified portfolio. The property's location in DeWitt, Iowa, within Clinton County, offers access to a thriving community and convenient amenities. This is a rare chance to acquire a historically significant building with proven rental income and significant upside potential. The property is classified as land, industrial, office, retail, and multifamily, reflecting its diverse functionality and appeal. This is a turnkey investment ready for immediate income generation.

    Property Features for 919 6Th Ave

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1902
    Buildings
    1
    Units
    6

    HighLights

    • $685,000 asking price.
    • Multifamily property with six units: two commercial/retail spaces and four apartments (three one‑bedroom, one two‑bedroom).
    • Located at 919 6TH Avenue, DeWitt, IA 52742.
    • 1902 construction, single building on land.
    • Suitable for various uses, including restaurant, bar, office, or retail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    DeWitt
    County
    Clinton
    State
    Iowa
    Longitude
    -90.5392117
    Latitude
    41.8248764

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Restaurant - Six-unit building, high rental income potential.
    Where is this restaurant located?
    The property is located at 919 6Th Ave DeWitt, IA.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: $685,000 asking price.; Multifamily property with six units: two commercial/retail spaces and four apartments (three one-bedroom, one two-bedroom).; Located at 919 6TH Avenue, DeWitt, IA 52742.
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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
    919 6Th Ave DeWitt, IA 52742
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