Multifamily

Mount Ayr, IA Multifamily Properties for Sale

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12-Unit Mixed-Use Property
Updated: Oct 9
12-Unit Mixed-Use Property

1201 E South Street, Mount Ayr, IA 50854

$999,500
2.25 AC lot
12 apartments plus office and retail space on 2.25 acres
Office and retail area includes leased clinic space, shared common area, and additional space available for lease
Nine apartment units have detached garage parking
Roof replaced in 2023; apartment units updated in 2021 and 2022
Frontage on Highways 2 and 169, across from Casey’s General Store
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1 active listing matches your search: Multifamily for sale in Mount Ayr, IA. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

24-Unit Apartment Building
24-Unit Apartment Building

102 S Main Street, Leon, IA 50144

$199,000
15,651 sqft

A substantial rehabilitation is required, with roof issues and water damage among the reported concerns.

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Remodeled 20-Unit Apartment Building
Remodeled 20-Unit Apartment Building

318 E Main Street, Lamoni, IA 50140

$999,000
1.00 AC lot

One-bedroom residences include an on-site commercial laundry and dedicated office space.

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Five-Unit Apartment Building
Five-Unit Apartment Building

600 S main Street, Leon, IA 50144

$199,999

Fully occupied multifamily property with garage parking, public water, and a mix of central and window air conditioning.

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20-Unit Apartment Building with Laundry
20-Unit Apartment Building with Laundry

318 E Main Street, Lamoni, IA 50140

$999,000

Remodeled one-bedroom units are complemented by a commercial laundry facility and on-site office.

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Mount Ayr, IA Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Mount Ayr, IA on our real estate platform.

Sale prices for multifamily properties in Mount Ayr, IA average $999,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 2

Demographics Overview

Population 2,304
Population Growth (5Y) -10.9%
Median Household Income $69,352
College Educated 33.2%

High-Yield Neighborhoods for Investment

Identify Mount Ayr submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
50854 $999.5K

Taxes & Financing

Tax Rate (average for all types) 2.65%
Property Tax per SF $28.25 per SF
Tax Rate vs County Average 0.21 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Ringgold County

New Delisted

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