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Property profile & analytics
OFF-MARKET
Apartment buildings

812 6Th St Harlan, IA 51537

Property ID
US25-2149282
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
UPID US25-2149282
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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