Libertyville Road 3 biens | À vendre | 784 217 € | Fairfield, IA

Executive Summary
This is a sale by owner with no debt. In great condition, remodeled 5 years ago. New exterior and all interiors are in first-class condition. Vinyl plank flooring throughout, granite countertops, and open floor plans. There are full-size washers and dryers in each uni Newer private patios or decks and green landscaping. There is a record of 100% occupancy for the 7 years since the current owner took over.
The location is Ideal near the hospital for convenient staff residence and near the major highway, 1.5 miles to the center of town. Ideal for 1031 Exchange. The owner may include the 3.3 R3-zoned adjacent property for future development. It is adjacent to 2065 1/2 Libertyville Road for future development. It has access to Libertyville Road, the property has a new sewer line, and is near other utilities. The land is valued at a minimum of $50,000 to $75,000 as is. It can also be divided for added value. The complex received full rental approval after full city inspection in the last 18 months. A new roof was installed in May 2026. When this land is combined with the two apartment buildings, the purchase price is below the Iowa market value of apartment houses sold in Iowa. Replacement cost was estimated at over $1,500,000, no including land value by State Farm Insurance Adjuster
Intruding Kensington Park Apartments of Fairfield, Iowa, Jefferson County, Iowa
This three-unit property rental complex is perfectly located near the bypass to Iowa City, Ottumwa, Burlington, and Mount Pleasant It is ½ mile from the Jefferson County Health Center, where nurses find this very convenient living. The brand-new Cambridge Child Care center ¼ mile away makes this ideal for single moms and small families. Just a bike ride away is Jefferson County Park, a family favorite location It is one mile from the center of a thriving small town nominated as the fastest-growing small town in the Midwest.
Fairfield - The Best of All Worlds Serves over 15,000 Jefferson County Population
What is the median household income in Jefferson County?
The median household income in Jefferson County is $56,824 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Jefferson County?
The poverty rate in Jefferson County is 7.5% (U.S. Census Bureau ACS 2023).
What is the median home value in Jefferson County?
$161,200 (U.S. Census Bureau ACS 2023).
What is the average rent in Jefferson County?
The median gross rent in Jefferson County is $881 per month (U.S. Census Bureau ACS 2023).
What percentage of Jefferson County residents have a college degree?
41.6% of adults in Jefferson County hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
o We value beautification, increasing community pride and creating an appealing community.
o We value cultural richness, arts, and recreation, enriching our lives by creating and sustaining a high quality of life and a wide variety of activities for all.
o We value economic strength and vitality as a foundation for sustaining and growing our population, developing jobs and opportunities through diverse economic activities that create a better quality of life for all.
o We value education, nurturing growth, and achievement for all.
o We value harmony and respect, fostering a shared sense of community among a varied and diverse population.
o We value the preservation of small-town life for its simplicity, security, and sense of community.
o We value our natural environment, sustaining us and enriching our lives.
o We value our unique identity and reputation, fostering civic pride and providing a consistent means of promoting our community.
o According to an article in The New York Times, the city "thrives largely on its abundance of start-up companies".[25] Members of the community have established over 400 businesses in areas such as software, manufacturing, and trading.[26] The Agri-Industrial Products company was founded in 1978 and became one of the nation's largest manufacturers of construction warning barrels and other products made of plastic.[25] The city is also home to Creative Edge, a ceramic tile manufacturer.[27]
o In 1990, Iowa Governor Terry Branstad called the city "one of the state's economic superstars".[28] A 1997 report said the city had a significant number of entrepreneur businesses including a tofu company, several software firms, a chimney supplies wholesaler, wholefoods grocery store, an oil brokerage, and a telecommunications company.[29] These new companies were reported in 1999 to have "created up to 1,500 jobs in high tech businesses ranging from telecommunications companies to Internet providers to PC-oriented magazines".[30] Later, the city was dubbed "Silicorn Valley" because of the preponderance of new businesses that were Internet and information based, founded by practitioners of the Transcendental Meditation technique.[25][30]
o In the 1990s, Fairfield had an average of $10 million in new construction each year. Some of the construction was in the Maharishi Sthapatya Veda style of architecture[31][32] and included entrances that face either due east or due north,[33] causing some businesses and homeowners to close their south and west facing entrances.[34] Eco friendly subdivisions that border Fairfield and also use the architectural principles of Maharishi Sthapatya Veda include Cypress Villages, a 145-acre (0.59 km2) development north of the city, and Abundance Ecovillage, an off-the-grid community of 14 homes built in three clusters[35] north of Fairfield. The first LEED Platinum home in the state of Iowa was built nearby in the Cypress Villages Subdivision. Cypress Villages applied to the state for incorporation as it could not be annexed into either Fairfield or Maharishi Vedic City. That request was denied until such time as more services could be offered by the community.[36][37][38][39][40][41][42] In addition, nearby Maharishi Vedic City, located two miles (3 km) north of Fairfield, began as a subdivision and incorporated as a city in 2001.[43] The city sponsors an annual Eco-Fair and has more solar energy homes and green building than any other city in Iowa.[44]
o In 2003, a report by the National Center for Small Communities selected Fairfield as a recipient of The Grassroots Rural Entrepreneurship Award, saying that the city "has become recognized as one [of] the nation's most entrepreneurial small towns." The report said that Fairfield had created over 2,000 jobs in the previous 15 years and that new construction averages $10 million per year.[45] That same year, it received the Community Vitality Center's Entrepreneurial Community of the Year award.[46] According to City officials, Fairfield received investments of over $200 million in venture capital from approximately 1990 to 2004.[47] A 2004 National Public Radio report said that over the past 20 years "TM proponents" had created thousands of jobs and more than 200 businesses.[31]
o In 2008, the city was the "home of 40 so