210 W 8Th St Woodward, IA 50276

Property Details for 210 W 8Th St

Year built

1965

Property type

Commercial real estate

Description

This exceptional eight-unit multifamily property located at 210 W 8th Street in Woodward, Iowa, presents a lucrative investment opportunity. Priced at $595,000, this well-maintained complex offers eight two-bedroom units, generating consistent rental income. Currently, one unit is vacant, providing flexibility for an on-site manager or a designated property manager. Each unit is equipped with its own utilities and appliances, contributing to individual tenant responsibility and streamlined management. A significant income stream is generated by the on-site coin-operated laundry facilities. The building owner covers the cost of common water and hot water, with recent upgrades to the hot water system ensuring efficiency and reduced operational expenses. The property benefits from its location in the peaceful town of Woodward, offering convenient access to nearby amenities while enjoying strong rental demand. This is a turnkey operation ideal for an investor seeking a stable and profitable addition to their portfolio. The property's condition is excellent, with regular maintenance and timely repairs ensuring the long-term value of the investment. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location.

Location Insight

City

Woodward

County

Dallas

State

Iowa

Longitude

-93.92447

Latitude

41.85084