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    1036 66 St Windsor Heights, IA 50324

    For Sale
    $650,000

    2-unit apartment building, excellent ROI.

    Property size:
    2,846 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a Class B, two-unit apartment building ideally situated in Windsor Heights, Iowa. Built in 2017, this property boasts a total of 2,846 square feet on a 0.21-acre lot. The two-story building features two units, each offering four bedrooms and three full bathrooms. Each unit includes an open kitchen/living area with stainless steel appliances, a deck, a finished basement with a second living area, and a two-car garage. The main floor features LVP flooring, while the second floor and basement have carpeting. Modern amenities such as in-unit laundry (washer/dryer included) enhance the appeal. Tenants are responsible for all utilities and pest control, while the owner manages taxes, property insurance, lawn care, and snow removal. Conveniently located near I-235, this property offers easy access to shopping, dining, and entertainment. Currently, all units are fully leased, providing immediate cash flow. The asking price is $650,000. This property represents a strong investment opportunity in a desirable location.

    Property Features for 1036 66 St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,846 SF
    Class
    B
    Lot Size
    9,148 SF

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    2
    Units
    2
    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
    Windsor Heights
    County
    Polk
    State
    Iowa
    Longitude
    -93.7088687
    Latitude
    41.5972209

    Nearby Comparable

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    • $650,000
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      1033-1035 67 St

      Multifamily properties • 2,846 SF
      1033-1035 67 St, Windsor Heights, IA 50324
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 2-unit apartment building, excellent ROI.
    Where is this multifamily property located?
    The property is located at 1036 66 St Windsor Heights, IA.
    What is the asking price?
    The asking price for this property is $650,000.
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    1036 66 St Windsor Heights, IA 50324
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    Windsor Heights, IA 50324
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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
    1036 66 St Windsor Heights, IA 50324
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