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Oelwein Apartments 102 8th Ave NW Immeuble residentiel 57 lots 2 311 629 € (40 555 €/Lot) Oelwein, IA 50662
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Single-story cottage-style units with private patios and greenspace
- Clubhouse with community room, laundry, vending, and rental office
- Located near major employers, schools, and retail in Oelwein
- Significant capital improvements completed across interiors and exteriors
- Underserved market with low vacancy and strong rental demand
Résumé analytique
Nestled in the heart of Oelwein, Iowa, Otter Creek Cottages presents a rare opportunity to acquire a well-maintained, 57-unit multifamily community in a stable, underserved market. Built in 1977 and spread across 15 single-story buildings on 5.74 acres, the property offers a mix of 56 one-bedroom and 1 two-bedroom cottage-style units, each with private patios and access to lush green space. Residents enjoy a true community feel enhanced by a clubhouse with gathering areas, laundry facilities, and event space.
The current ownership has completed substantial capital improvements including new flooring, appliances, HVAC systems, and landscaping upgrades. Many units feature luxury vinyl plank flooring, updated fixtures, and fresh paint, while others remain ripe for further modernization. With rents currently below market, new ownership can unlock significant upside through continued renovations and operational efficiencies.
Strategically located near schools, parks, grocers, and major employers, Otter Creek benefits from strong rental demand and low vacancy rates. The property is offered free and clear of debt and may be acquired individually or alongside two nearby assets totaling an additional 44 units, creating a scalable investment platform in Northeast Iowa. Oelwein’s business-friendly environment, supported by a USDA-backed Revolving Loan Fund and workforce development programs, further enhances long-term value potential.
The current ownership has completed substantial capital improvements including new flooring, appliances, HVAC systems, and landscaping upgrades. Many units feature luxury vinyl plank flooring, updated fixtures, and fresh paint, while others remain ripe for further modernization. With rents currently below market, new ownership can unlock significant upside through continued renovations and operational efficiencies.
Strategically located near schools, parks, grocers, and major employers, Otter Creek benefits from strong rental demand and low vacancy rates. The property is offered free and clear of debt and may be acquired individually or alongside two nearby assets totaling an additional 44 units, creating a scalable investment platform in Northeast Iowa. Oelwein’s business-friendly environment, supported by a USDA-backed Revolving Loan Fund and workforce development programs, further enhances long-term value potential.
Informations sur l’immeuble
| Prix | 2 311 629 € | Classe d’immeuble | C |
| Prix par lot | 40 555 € | Surface du lot | 2,32 ha |
| Type de vente | Investissement | Surface de l’immeuble | 3 442 m² |
| Nb de lots | 57 | Occupation moyenne | 100% |
| Type de bien | Immeuble residentiel | Nb d’étages | 1 |
| Sous-type de bien | Appartement | Année de construction/rénovation | 1977/2021 |
| Style d’appartement | Avec jardin | ||
| Zonage | R - Residential | ||
| Prix | 2 311 629 € |
| Prix par lot | 40 555 € |
| Type de vente | Investissement |
| Nb de lots | 57 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 2,32 ha |
| Surface de l’immeuble | 3 442 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 1 |
| Année de construction/rénovation | 1977/2021 |
| Zonage | R - Residential |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Prêt pour le câble
- Chauffage
- Ventilateurs de plafond
- Moquette
- Grill
- Terrasse
- Avec jardin
Caractéristiques du site
- Accès 24 h/24
- Centre d’affaires
- Accès contrôlé
- Club-house
- Cour
- Laverie
- Property Manager sur place
- Salle de jeux
- Grill
- Aire de jeu pour animaux de compagnie
- Activités sociales planifiées
- Recyclage
- Sentiers pédestres et cyclables
- Wi-Fi
- Espace d’entreposage
- Local à vélos
- Wi-Fi communautaire
- Salles de conférence
- Entretien sur site
- Salle multi-usages
- Transports en commun
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 57 | - | 60 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Taxes foncières
| Numéro de parcelle | 18-20-280-002 | Évaluation des aménagements | 1 622 670 € |
| Évaluation du terrain | 106 582 € | Évaluation totale | 1 729 252 € |
Taxes foncières
Numéro de parcelle
18-20-280-002
Évaluation du terrain
106 582 €
Évaluation des aménagements
1 622 670 €
Évaluation totale
1 729 252 €
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Oelwein Apartments | 102 8th Ave NW
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