605 East 1St St Monticello, IA 52310

Stanbrough Realty Company is pleased to present the opportunity to acquire 605 East 1st Street — a brand-new, 100% stabilized twelve-unit apartment community in Monticello, Iowa, offered at $1,700,000 with a rare ten-year property-tax abatement in place. Beautiful new-construction apartments within walking distance of parks and the Hy-Vee Dollar Fresh grocery, with wonderful scenery out every window. Each home offers a spacious, open-concept living space finished to a modern, move-in-ready standard — with a private patio on the first floor and a balcony on the second and third floors. All twelve residences are generous two-bedroom, one-bath units — fully outfitted with stove, microwave, dishwasher and refrigerator, plus washer/dryer hookups in every unit. Coin-free washers and dryers are available to rent on site. The community is pet friendly and benefits from a 100% ten-year tax abatement.