112 2nd E Ave Newton, IA 50208-3237

This exceptional commercial property in Newton, Iowa, presents a unique investment opportunity. Located in a prime downtown location at 112 N 2nd Avenue W, this turnkey operation offers over 6,204 square feet on a 0.1-acre lot. The building features sixteen beautifully appointed rental suites spread across two floors, providing a consistent income stream. Each suite is designed for maximum comfort and functionality, catering to a diverse range of tenants. Adding to its appeal is a luxurious, private 2-bedroom living space situated on the third floor. This expansive residence boasts a stunning soak tub, a spacious living room perfect for relaxation, a formal dining area ideal for entertaining, and a fully equipped kitchen with built-in appliances. The combination of income-generating rental suites and a high-end residential space creates a versatile and attractive investment. The property benefits from an established trademark brand, further enhancing its value and marketability. This is a rare opportunity to acquire a well-established, high-performing commercial property in a desirable downtown location. The asking price is $799,000.