306 State St Williamsburg, IA 52361-9700
This exceptional Williamsburg investment property offers a unique blend of income streams, boasting over 5,300 square feet on a 0.29-acre corner lot in the thriving downtown area. Extensively renovated in 2022, the property currently comprises four leased commercial spaces, generating consistent rental income. Adding to its appeal are two additional income-producing garages rented for storage. A significant advantage is the inclusion of a fully furnished, two-bedroom apartment with a full bathroom and a stackable washer/dryer (new in 2023), currently operating as a successful Airbnb. This provides a diverse revenue stream and adds significant value to the overall investment. The property's prime location in the bustling downtown district ensures high visibility and accessibility for businesses and guests alike. This turnkey investment opportunity is ideal for those seeking a diversified portfolio with strong potential for both capital appreciation and passive income generation. The recent renovations ensure a modern and attractive environment for tenants and guests, minimizing ongoing maintenance needs. This property presents a rare chance to acquire a well-established, high-performing asset in a vibrant and growing community.
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Miracle-Ear Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
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Midwest Counseling Medical Clinic
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Witte's Home Decorating Carpet & Flooring Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.