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28166273
28166280

409 E 9th St, Malvern, IA 51551

JO
55702
$3,000,000
210 days on market
Updated 49 days ago

Tiemeyer Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Units 15
Occupancy 100%
Broker Co-Op Yes
Year Built 1970
Year Renovated 2021
Buildings 1
Stories 1
Acreage 1.710
Zoning Residential

Completely remodeled within last 2 years, 15 total units. New HVAC, sewer, electrical, water lines

Marketing description

Welcome to a beautifully reimagined 15-unit multifamily property designed for efficient ownership and premium tenant appeal. Every unit showcases tasteful custom trim and crown molding, contemporary kitchens and baths with glass tile backsplashes and thoughtfully chosen finishes that balance style and durability. Each unit has its own HVAC system, breaker box and on-demand water heater. Includes new electrical, plumbing, roof and outdoor improvements/landscaping. A rare combination of aesthetic upgrades and practical, investor-friendly systems. This turn-key building checks the boxes: curb appeal, modern interiors and minimal upkeep. (2) 4/2 bed/bath; (7) 3/2 bed/bath and (6) 2/1 bed/bath.

Investment highlights

Covered porches

Modern kitchen & bathrooms with glass and ceramic accents

Open floor plans

New HVAC

New roof with 10 year transferrable warranty

On-demand water heaters

Outdoor space

Low maintenance costs

Small town living but close to the metro areas

Listing Contacts

JO
55702

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