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24121885
24121886

2103 Falls Ave, Waterloo, IA 50701

JH
IA S68688000
Berkshire Hathaway HomeServices One Realty Centre Waterloo
Listed by Berkshire Hathaway HomeServices One Realty Centre Waterloo
$220,000
375 days on market
Updated 39 days ago

Magnolia/Falls

Details
Property Type Mixed Use, Office (+1)
Sub Type Storefront
Square Footage 2,600
Net Rentable (SqFt) 2,600
Units 3
Occupancy 100%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 10.45%
Pro-Forma NOI $23,000
Broker Co-Op Yes
Year Built 1951
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.120
Zoning C
Investment Type Stabilized
Occupancy Date 06/17/2025

Mixed Use | 2,600 SqFt

Marketing description

For Sale: Updated 3-Tenant Commercial Building on Falls Ave – Waterloo, IA

Excellent opportunity to own a centrally located, income-producing commercial property in the heart of Waterloo! This 3-tenant building features over 2,600 square feet of space and has seen numerous upgrades, including a brand new roof, new AC, fresh flooring and paint in two of the units, and new parking lot striping.

Currently, 100% Leased at, the property generates $2,400/month in rental income. Conveniently situated on Falls Ave near other established businesses and new development, the property offers ample off-street parking and strong visibility in a growing area.

📍 Over 2,600 SF | 3 Units | Investment or Owner-User Opportunity
💰 Rental Income: $2,400/mo
📌 Falls Ave Location | Near Retail, Office, and Redevelopment Activity

Listing Contacts

JH
IA S68688000
Berkshire Hathaway HomeServices One Realty Centre Waterloo
Listed by Berkshire Hathaway HomeServices One Realty Centre Waterloo

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Additional Information

Name
Jared Hottle
License
S68688000
Brokerage Phone
3192885382
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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