35
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$5,500,000
Est. payment /mo
Active
400 13th NW Oelwein Avenue Oelwein, IA 50662
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 715191
HOA Y/N No
Annual Tax Amount $28,199
Property Sub-Type Apartment
Property Description
Portfolio consists of three properties on separate parcels all within 1.5 miles of each other in the City of Oelwein, Iowa. Otter Creek Cottages consists of 57 units. 56 One-bedroom's & 1- Two bedroom. Coin Laundry is owned and on site at the office building. Clubhouse building consists of office, coin laundry, and community room/kitchenette. Many Units have been remodeled and large CAPX items completed. Each apartment has its own Gas Hot Water Heater. Kitchen includes Fridge and Stove. Rent box on site. The Meadows Apartments is 36 units. 8-One bedroom's, 18-Two bedrooms, and 10-Three bedroom units. Coin Laundry is owned and on each level. The Meadows consists of 2 apartment buildings---A 12-plex which is 2 stories and a 24-plex which is 3 stories. Two Rows of garages---one row that has 10 detached garages & another row that is 5 detached garages. This complex is roughly 1/2 mile from Otter Creek. Meadows has extra Green Space for additional building(apartments/ garages/amenities). Platt Park Apartment Homes consists of 2 buildings with 4 units, each. All are 2 bedroom/1 Bath units. 8 Detached Garages are included in rent currently and there is coin laundry in each building. Please email shana@remaxcentralia.com to electronically sign confidentiality agreement and gain access to the Full Offering Memorandum, and deal center documents.
Location
State IA
County Fayette
Area Oelwein
Zoning res
Interior
Heating Electric, Natural Gas
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Detached, Garage
Garage Spaces 4.0
Garage Description 4.0
Community Features Laundry Facilities, Storage Facilities
Roof Type Asphalt,Shingle
Private Pool No
Building
Dwelling Type Apartment,Multi Family
Foundation Poured
Water Public
Schools
School District Outside School District
Others
Tax ID 628878
Monthly Total Fees $2, 349
Acceptable Financing Cash, Conventional, USDA Loan
Listing Terms Cash, Conventional, USDA Loan
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Listed by RE/MAX Partners Realty