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Property profile & analytics
OFF-MARKET
Commercial real estate

208 2Nd St Oelwein, IA 50662

Property ID
US25-2414520
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-maintained duplex located at 208 2nd St SE in Oelwein, Iowa, 50662. Listed at $103,500, this property offers significant income potential. The duplex features a generous layout, with each unit boasting four bedrooms and two bathrooms. Each unit is thoughtfully designed with one bedroom on the lower level and three bedrooms upstairs, providing comfortable living spaces for tenants. A key advantage is the inclusion of individual garage spaces for each unit, a highly desirable amenity for renters. Recent updates have been completed, and the property has successfully passed city inspection, ensuring peace of mind for the new owner. Its convenient location near downtown Oelwein adds to its appeal. This property is a strong contender for investors seeking a stable and profitable addition to their portfolio. The property is classified as Hospitality and Land, and is zoned Commercial. This is a turnkey opportunity

Property profile
Verified
Property type Commercial real estate
UPID US25-2414520
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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