Residential Income

Mount Ayr, IA Residential Income Properties for Sale

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Kellerton, IA Redding, IA Tingley, IA Ellston, IA Lamoni, IA Grand River, IA Grant City, MO Decatur, IA
12-Unit Mixed-Use Property
Updated: Oct 9
12-Unit Mixed-Use Property

1201 E South Street, Mount Ayr, IA 50854

$999,500
2.25 AC lot
12 apartments plus office and retail space on 2.25 acres
Office and retail area includes leased clinic space, shared common area, and additional space available for lease
Nine apartment units have detached garage parking
Roof replaced in 2023; apartment units updated in 2021 and 2022
Frontage on Highways 2 and 169, across from Casey’s General Store
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1 active listing matches your search: Residential Income for sale in Mount Ayr, IA. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

24-Unit Apartment Building
24-Unit Apartment Building

102 S Main Street, Leon, IA 50144

$199,000
15,651 sqft

A substantial rehabilitation is required, with roof issues and water damage among the reported concerns.

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Remodeled 20-Unit Apartment Building
Remodeled 20-Unit Apartment Building

318 E Main Street, Lamoni, IA 50140

$999,000
1.00 AC lot

One-bedroom residences include an on-site commercial laundry and dedicated office space.

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Five-Unit Apartment Building
Five-Unit Apartment Building

600 S main Street, Leon, IA 50144

$199,999

Fully occupied multifamily property with garage parking, public water, and a mix of central and window air conditioning.

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20-Unit Apartment Building with Laundry
20-Unit Apartment Building with Laundry

318 E Main Street, Lamoni, IA 50140

$999,000

Remodeled one-bedroom units are complemented by a commercial laundry facility and on-site office.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Sun Valley Lake Vacant Lots
Sun Valley Lake Vacant Lots

11 lots Big Bend Road, Ellston, IA 50074

$125,000
1.96 AC lot

11 contiguous lots near Sun Valley Lake amenities.

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Lamoni Vacant Land with Pond
Lamoni Vacant Land with Pond

13000 Elk Ridge road lot: 4, Lamoni, IA 50140

$99,680
14.24 AC lot

14+ acre countryside property with rolling grass and mature trees.

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Pond-Access Recreational Land Tract
Pond-Access Recreational Land Tract

E. Concord Rd., Blythedale, MO 64442

$289,000
40.00 AC lot

40+/- acres of bare land with docked pond access, offering recreation and flexible homesite opportunities nearby I-35.

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Residential Land in Bedford, Iowa
Residential Land in Bedford, Iowa

106 Tinder Street, Bedford, IA 50833

Contact for pricing
0.38 AC lot

Spacious lot on the edge of town with available utilities.

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Mount Ayr, IA Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Mount Ayr, IA on our real estate platform.

Sale prices for residential investment properties in Mount Ayr, IA average $999,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 2
Multifamily properties 2

Demographics Overview

Population 2,304
Population Growth (5Y) -10.9%
Median Household Income $69,352
College Educated 33.2%

High-Yield Neighborhoods for Investment

Identify Mount Ayr submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
50854 $999.5K

Taxes & Financing

Tax Rate (average for all types) 2.65%
Property Tax per SF $28.25 per SF
Tax Rate vs County Average 0.21 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Ringgold County

New Delisted

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