410 Campus Dr Calmar, IA 52132

Exceptional opportunity to acquire a thriving, turnkey fitness center and apartment complex in Calmar, Iowa. This 9,160 square foot, two-story building, constructed in 2017, sits on a 1.46-acre lot and boasts a prime location as the only gym in town. The facility operates 24/7, leveraging a user-friendly member portal app for keyless entry and membership management, enhancing self-sufficiency. The building incorporates energy-efficient features, including solar power and motion-sensor lighting in common areas. Upstairs, four fully occupied apartments generate consistent rental income: three two-bedroom units renting for $850 per month plus $25 per resident for electricity, and one three-bedroom unit renting for $1200 per month plus $25 per resident for electricity. All apartments are currently leased to North Iowa Area Community College (NICC) students on one-year leases. All equipment and appliances are included in the sale price of $820,000. The expansive lot presents significant development potential for future expansion, perhaps additional apartments or other complementary businesses. This property offers a unique blend of income-generating streams, making it an attractive investment opportunity.