919 6th Ave De Witt, IA 52742-1330
This exceptional investment opportunity in DeWitt, Iowa, presents a unique blend of commercial and residential spaces within a single building at an asking price of $685,000. Located at 919 6th Avenue, this property boasts a rich history, having been constructed in 1902. The building comprises a total of six units, strategically divided to maximize income potential. The ground floor features two sizable retail spaces, previously occupied by a restaurant and an antique store, offering versatile options for future tenants. These spaces could easily be adapted to accommodate a bar, office space, or various retail ventures. Upstairs, four well-maintained apartment units provide consistent rental income. The residential units consist of three one-bedroom apartments and one two-bedroom apartment, catering to a diverse range of tenants. This property's combination of commercial and residential units makes it an ideal investment for both seasoned investors and business owners seeking a diversified portfolio. The property's location in DeWitt, Iowa, within Clinton County, offers access to a thriving community and convenient amenities. This is a rare chance to acquire a historically significant building with proven rental income and significant upside potential. The property is classified as land, industrial, office, retail, and multifamily, reflecting its diverse functionality and appeal. This is a turnkey investment ready for immediate income generation.
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
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.