802 AVENUE B Council Bluffs IA 51503

Lee & Associates presents a package deal featuring two properties located near Main Street in Council Bluffs. The first property, located at 802 Ave B, is a fourplex consisting of (four) one-bedroom, one-bath units, generating a gross income of $3,712 per month. The second property, a top-and-bottom duplex at 418 South First, features (two) three-bedroom, one-bath units, bringing in $2,800 per month. Both properties have separately metered utilities, with the landlord responsible only for water and trash. The sale also includes a proposed assignable insurance claim. These properties offer a prime opportunity for value-add through renovation and leasing.

Located in the heart of Council Bluffs, IA, 802 Ave B and 418 South 1st Street offer prime access to the city's vibrant community and essential amenities. These properties are situated in a well-established neighborhood, providing convenient proximity to downtown Council Bluffs, local schools, parks, and shopping centers. The area is known for its rich history and close-knit community feel, making it an attractive option for residents. With easy access to major roadways and public transportation, these properties are ideally positioned for both commuters and locals looking to enjoy the best of what Council Bluffs has to offer.

6 units

9.38 cap

Separately metered

Located near downtown CB

Value-add potential

Proforma NOI $45,045