Otter Creek Cottages
Multifamily | 57 Units
Marketing description
MMG Real Estate Advisors is pleased to exclusively present The Otter Creek Cottages—a 57-Unit multifamily property located in Oelwein, Iowa, the largest city in Fayette County. This property, consisting of spacious 1 & 2 Bedroom single-story apartment homes is positioned in a residential setting, surrounded by the beauty of nature, with lush landscaping, serene well-maintained grounds featuring mature trees. Otter Creek Cottages is within close proximity to grocers, shopping, schools, parks, dining and entertainment options. The Otter Creek Cottages 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 Otter Creek Cottages (8 Units & 36 Units.)
Investment highlights
High Potential 57-Unit Property with Operational Upside and Coveted Resident Amenities
Great Physical Condition with Many Capital Improvements Completed
Strategic Location in a Stable, Underserved Market
Rent Growth Potential and Value-Add Opportunity
Scalable Investment with Additional Nearby Assets Available
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