Property Description

Investment opportunity in Atlantic, IA! This 2-story commercial building features 11 apartment units with strong income potential and value-add opportunity. The property includes 8 one-bedroom units, 2 two-bedroom units, and 1 three-bedroom unit, offering a versatile unit mix to attract a variety of tenants. Currently, 5 units are occupied, 3 units are rent-ready, and 3 units are in the process of being remodeled?providing immediate income with room to increase cash flow. Vacant units have received updates including fresh paint, new flooring, and general maintenance improvements. Hallways are also being refreshed with new paint and linoleum flooring, enhancing overall appeal. All apartments include a kitchen refrigerator and stove. Some units share heat while others have separate systems. There is no central air; certain units have window A/C units, and others require tenant-supplied cooling. Whether you're looking to expand your portfolio or step into multifamily investing, this property offers strong potential with ongoing improvements already underway. A great business venture with opportunity to build equity and increase returns!

Property Features