312 Elm Street

Description

Investment opportunities like this dont hit the market often! For sale is a very profitable apartment building, located in the thriving community of Manning, Iowa. This apartment building was built in 1994 and is always full. You can start seeing a return in the first month! The need for affordable housing in Carroll County is in demand and this building is an opportunity you will want to take advantage of! The apartments are heated using a Geothermal system. Geothermal uses little to no water and does not burn gas or oil, saving the tenant thousands in heating costs each year. The Complex features 5 well-maintained units, all units have 2 bedrooms, 1 full bathroom, and 1 car garage with remote openers. Tenants pay all utilities. Stable long-term tenants are currently in place. The current rent roll exceeds $3,000 per month. Vacancies are seldom and fill quickly due to the walkable location of the complex. 1 block to downtown restaurants, shopping, and entertainment. This property is turn-key ready and offers a great ROI! Manning is a thriving community, with a well-known hospital, many restaurants and boutiques, a grocery store, and many other great attractions. Manning is the embodiment of small-town America with a great school system and a community-focused population. This investment opportunity is great for someone looking to expand their portfolio or buy their first investment property! Please call Kent Brant at (712) 248-1233 to set up your viewing.