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    209 4Th St Council Bluffs, IA 51503

    Sponsored
    For Sale
    Contact for pricing

    11-Unit Value-Add Apartment Building

    Property size:
    6,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 11-unit apartment building, known as the CB Undecuplex, presents a compelling value-add opportunity in the heart of Council Bluffs, Iowa. Located at 209 S 4th St, this three-story, 6,612 square foot building sits on a 5,800 square foot lot (APN: 7544 36 209 006) and is zoned for Administrative Professional District use. Built in 1920, the property boasts 100% occupancy as of September 28, 2024, offering immediate cash flow. Its prime downtown location places it steps from the vibrant 100 Block entertainment corridor, Bayliss Park, and Haymarket Square, providing residents easy access to dining, shopping, and entertainment. The strong rental market in Council Bluffs, coupled with the property's affordability, ensures consistent demand. This investment offers significant value-add potential through unit modernization, allowing for increased rental rates and property value. The acquisition of 11 units at an attractive price per door provides economies of scale, maximizing potential returns. This fee simple ownership opportunity allows for immediate control and strategic repositioning within the thriving Council Bluffs-Omaha metro area. The property's scale and location make it an ideal investment for those seeking a strong return in a stable market. This is a rare chance to acquire a well-positioned multifamily asset with substantial upside potential.

    Property Features for 209 4Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,612 SF
    Class
    C

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    3
    Units
    11

    HighLights

    • Prime downtown Council Bluffs location near entertainment, parks, and Omaha access.
    • Significant value‑add potential through unit modernization and amenity upgrades.
    • Stable rental income due to strong tenant demand in Council Bluffs' affordable housing market.
    • Exceptional value: 11‑unit property offering a low cost per unit and economies of scale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.849593578181
    Latitude
    41.257744502607

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    FAQs

    What type of property is this?
    Multifamily property - 11-Unit Value-Add Apartment Building
    Where is this multifamily property located?
    The property is located at 209 4Th St Council Bluffs, IA.
    What are key features of this property?
    This property features: Prime downtown Council Bluffs location near entertainment, parks, and Omaha access.; Significant value-add potential through unit modernization and amenity upgrades.; Stable rental income due to strong tenant demand in Council Bluffs' affordable housing market.
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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
    209 4Th St Council Bluffs, IA 51503
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