IA > Bridgewater
Bridgewater, IA 50837,206 and 212 NW Walnut Street
Bridgewater, IA 50837,206 and 212 NW Walnut Street
Bridgewater, IA 50837,206 and 212 NW Walnut Street
Bridgewater, IA 50837,206 and 212 NW Walnut Street
Bridgewater, IA 50837,206 and 212 NW Walnut Street
Bridgewater, IA 50837,206 and 212 NW Walnut Street
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Vicki Beveridge

Vicki Beveridge

+1(515) 210-4747
$ 415,000
Est. payment | /mo

18 Beds

10 Baths

0.83 Acres Lot

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$ 415,000
Est. payment | /mo
Save

18 Beds

10 Baths

0.83 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 718083

Bedrooms 18

Full Baths 10

HOA Y/N No

Annual Tax Amount $3,710

Lot Size 0.830 Acres

Acres 0.83

Property Description

This well-maintained multifamily property features a 4-unit and 6-unit brick apartment complex on a spacious 0.83-acre lot. The portfolio includes eight 2-bedroom units and two 1-bedroom units, offering stable income with a strong 10% cap rate. Recent upgrades include newer roofs, soffit, fascia, gutters, 31 new windows, and the removal of five trees for improved property aesthetics. Units have seen varying levels of renovation, ensuring minimal capital improvements for the new owner. On-site laundry currently offered free—convert to coin-operated or tenant-billed utilities to increase revenue. Value-add potential through rent increases and utility optimization makes this a smart buy for any investor looking to grow their portfolio in a quiet, stable market.

Location

State IA

County Adair

Area Bridgewater

Zoning MF

Rooms

Basement Crawl Space, Finished

Interior

Heating Baseboard, Electric

Cooling Window Unit(s)

Furnishings Unfurnished

Fireplace No

Appliance Built-In Oven, Refrigerator

Exterior

Utilities Available Electricity Available, Water Available

Roof Type Asphalt,Shingle

Private Pool No

Building

Foundation Block, Poured

Sewer Public Sewer

Water Public

Schools

School District Nodaway Valley

Others

Tax ID 0932453002

Monthly Total Fees $309

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

©2025 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Pella Real Estate Services
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206 and 212 NW Walnut Street