24 N MAPLE ST, COLFAX, IA 50054

This well-maintained, single-owner apartment complex offers an exceptional turn-key investment in a stable Iowa community. Consisting of 3 buildings totaling 7,824 square feet on a generous 0.89-acre lot, the property features 22 units — all configured as spacious 2-bedroom, 1-bathroom layouts — and enjoys 100% occupancy, delivering immediate and reliable cash flow.

Built in 1996 with solid construction, this vintage-style multi-family property provides functional and comfortable floor plans that continue to attract long-term tenants. The complex includes ample parking and outdoor space, situated in a convenient location near downtown Colfax with easy access to local amenities, schools, and major transportation routes.

Key Highlights:

• 22 units — all 2 bed / 1 bath
• 100% occupancy with strong rental demand
• Single-owner property (family-owned and operated)
• 3 buildings totaling 7,824 sq ft on 0.89 acres
• Vintage charm with practical, well-built design
• Excellent parking and outdoor space
• Strong income-producing asset in a tight rental market

Perfect for investors seeking a fully occupied, cash-flowing multi-family property with consistent performance. Colfax’s small-town appeal combined with proximity to larger employment centers supports continued tenant stability and demand.

Contact for detailed financials, rent roll, or to schedule a showing.