812 6Th St Harlan, IA 51537
This exceptional investment opportunity presents a well-maintained multifamily property located at 812 6th Street in Harlan, Iowa. The property comprises a main building constructed in 1972, featuring six two-bedroom apartments, and a secondary building built in 1976. The secondary building offers four ground-level garages, providing ample parking for residents. Adding to the property's appeal is a spacious two-bedroom apartment situated on the upper level of the secondary building, boasting approximately 1,456 square feet of living space. The property also includes convenient coin-operated laundry facilities for tenant use. This income-generating property offers a solid return on investment. Tenants are responsible for their individual electric and gas utilities, while water and sewer are covered by the landlord. The property is priced at $499,900. A minimum 48-hour notice is required for all showings. A virtual tour is available online. This is an excellent opportunity for an investor seeking a stable and profitable multifamily investment in a desirable location. The property's age and established tenancy contribute to its strong potential for continued success. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.