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26367598
26367619

400 13th Ave NW, Oelwein, IA 50662

SP
IA F6639000
MMGREAIA LLC
DS
IA S7371400
MMGREAIA LLC
CD
IA S73788000
JB
FA 100097443
MMG
Listed by MMGREAIA LLC, MMG
$2,200,000
293 days on market
Updated 30 days ago

The Meadows

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 33,076
Units 36
Class B
Year Built 1999
Buildings 4
Stories 3
Acreage 5.410

Multifamily | 36 Units

Marketing description

MMG Real Estate Advisors is pleased to Exclusively present The Meadows Apartments—a 36-Unit multifamily property located in Oelwein, Iowa, the largest city in Fayette County. This property, consisting of spacious 1, 2, and 3 Bedroom apartment homes is positioned in a residential setting, surrounded by the beauty of nature, with close proximity to grocers, shopping, schools, parks, and dining and entertainment options. The Meadows Apartments are being sold free & clear of existing debt. The Seller has two other properties that are also for sale within a about a mile from The Meadows (8 Units & 57 Units.)

Investment highlights

  • 36-Unit Asset with Varied Unit Mix & Value-Add Upside

  • Great Physical Condition with Significant Capital Improvements

  • Rent Growth Potential and Value-Add Opportunity

  • Revenue Optimization and Garage Income

  • Amenity and Site Expansion Potential

  • Well Located in a Demand-Driven Market

  • Optional Portfolio Scale Available

Listing Contacts

SP
IA F6639000
MMGREAIA LLC
DS
IA S7371400
MMGREAIA LLC
CD
IA S73788000
JB
FA 100097443
MMG
Listed by MMGREAIA LLC, MMG

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Additional Information

Name
Shana Patrick
License
F6639000
Brokerage
MMG Real Estate Advisors (MMGREAIA)
Brokerage Phone
515-777-0941
Title
Real Estate Broker
Brokerage Address
7001 Westown Parkway
Name
Dalton Stelpflug
License
S7371400
Brokerage
MMG
Brokerage Phone
515-333-3114
Title
Associate Advisor
Name
Chloe Dayton
License
S73788000
Brokerage
MMG REA IA LLC
Brokerage Phone
515-559-4531
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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