309 W Broad St
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309 W Broad St
12 Unit Apartment Building $650,000 ($54,167/Unit) Mount Pleasant, IA 52641
Executive Summary
12-Unit Apartment Complex – A Turnkey Investment Opportunity! This well-maintained 12-unit apartment complex is a rare find for investors seeking a property that offers both stability and appeal. Each of the 12 spacious units boasts 2 bedrooms and 1 bathroom, providing an ideal living arrangement for any tenant. Tenants will appreciate the convenience of private, paved parking. The building's metal roofs ensure durability and low maintenance, while the clean, well-kept condition of the units reflects pride of ownership. Tenants are responsible for electricity, giving them control over their usage, while the owner covers water and trash expenses—an attractive setup for prospective renters. Whether you’re expanding your portfolio or looking for a solid investment, this apartment building has provided consistent income for the current owner. Don’t miss out on this opportunity to own a turnkey property with excellent tenant retention and long-term appeal. Contact your favorite real estate agent to schedule your private showing!
Property Facts
Price | $650,000 | Property Subtype | Apartment |
Price Per Unit | $54,167 | Lot Size | 0.73 AC |
Sale Type | Investment | Building Size | 10,080 SF |
No. Units | 12 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1977 |
Price | $650,000 |
Price Per Unit | $54,167 |
Sale Type | Investment |
No. Units | 12 |
Property Type | Multifamily |
Property Subtype | Apartment |
Lot Size | 0.73 AC |
Building Size | 10,080 SF |
No. Stories | 2 |
Year Built | 1977 |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 12 | $550.00 | - |
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zoning
Zoning Code | L - Residential 3+ |
L - Residential 3+ |
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309 W Broad St
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