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    543 Mill St Council Bluffs, IA 51503

    Sponsored
    For Sale
    $490,000

    Prime 6-unit apartment building, fully renovated.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A, stabilized multifamily investment property located at 543 Mill St, Council Bluffs, IA 51503, presents a compelling opportunity. The property, a two-story building, comprises six units, each boasting a recently renovated interior. The complete renovation in 2024 included brand new electrical, plumbing, and HVAC systems, ensuring minimal maintenance and long-term cost efficiency. The 100% occupancy rate speaks to the desirability of the units, which are designed to appeal to discerning tenants. A new water line has been installed, eliminating potential future infrastructure concerns. The property also features coin-operated laundry facilities, adding convenience for residents and generating additional income. Situated in a prime downtown location, this investment aligns perfectly with Council Bluffs' ongoing growth and development. The asking price is $490,000, representing a price per unit of $81,666.67. This represents a strong value proposition for investors seeking a hassle-free, high-return investment in a thriving Iowa market. The property's modern amenities and strategic location promise consistent rental income and significant equity potential. This is a turnkey opportunity not to be missed.

    Property Features for 543 Mill St

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • Class A, six‑unit multifamily property in Council Bluffs, IA.
    • Recently renovated interiors with new electrical, plumbing, and HVAC systems.
    • 100% occupancy rate.
    • Coin‑operated laundry facilities on‑site.
    • Asking price: $490,000 ($81,667 per unit).
    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
    -95.8507527
    Latitude
    41.2636774

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    FAQs

    What type of property is this?
    Multifamily property - Prime 6-unit apartment building, fully renovated.
    Where is this multifamily property located?
    The property is located at 543 Mill St Council Bluffs, IA.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: Class A, six-unit multifamily property in Council Bluffs, IA.; Recently renovated interiors with new electrical, plumbing, and HVAC systems.; 100% occupancy rate.
    Request Owner's contact information
    543 Mill St Council Bluffs, IA 51503
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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
    543 Mill St Council Bluffs, IA 51503
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