610 7th St Atlantic, IA 50022-1430
This exceptional commercial property located at 610 W 7th Street in Atlantic, Iowa, presents a unique investment opportunity. Priced at $205,000, this turnkey business boasts twelve individual units, each equipped with a television, refrigerator, and microwave. Four of the units feature two rooms and a private bathroom, while the remaining units are furnished with either a queen-size bed or two double beds. The property's convenience is further enhanced by its prime highway location and ample on-site parking. Adding to its appeal is a dedicated on-site apartment for the owner/manager, complete with one bedroom, two bathrooms, a living room, and a kitchenette. This provides a comfortable living space while overseeing the business operations. The property is categorized as general commercial and sits on a lot with zero acres. This is an ideal opportunity for an entrepreneur seeking a ready-to-operate business with immediate income potential and convenient on-site living accommodations. The existing infrastructure and amenities minimize the initial investment required to commence operations, making this a highly attractive proposition for those seeking a profitable venture. The property's location and existing tenant base offer a strong foundation for continued success. Contact us today to schedule a viewing and explore the possibilities.
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.