Listed by NAI Iowa Realty Commercial - Cedar Rapids, NAI Iowa Realty Commercial - Des Moines, Iowa Realty Commercial
$875,000
546 W 2nd St
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 19,902
Units 11
NOI $72,940
Occupancy 86%
Tenancy Multi
Price per SqFt $44
Year Built 1915
Year Renovated 2026
Buildings 1
Lot Size (SqFt) 10,893
Zoning C-2
Investment Type Value Add
Occupancy Date 06/13/2025
Multifamily | 14 Units
Marketing description
Mixed-Use Retail and Apartment Building consisting of 11 apartments, 2 retail units and a basement storage unit.
Located directly on the corner of 2nd St and Willson Ave, the main downtown corridor and retail hub of Webster City.
Investment highlights
- Recent capital improvements include:
- Tuck-pointing and masonry repairs throughout the exterior facade
- Replacement of the roofing late last year.
- Replacement of all above grade domestic plumbing lines with new PEX piping.
- Replacement of the main storefront RTU with a new packaged heating/cooling unit.
- Replacement of the convenience store furnace and AC unit.
- Installation of new gutters.
- Replacement of approximately 40% of the apartment appliances.
- Installation of operational security cameras throughout the property.
- Installation of key fob mag-lock access systems at the apartment entries (currently installed but not activated).
- Addition of extra coin laundry machines in the laundry area.
- Replacement of three apartment furnaces.
Listing Contacts
Listed by NAI Iowa Realty Commercial - Cedar Rapids, NAI Iowa Realty Commercial - Des Moines, Iowa Realty Commercial
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$72,940.00
$6,078.33/mo
Valuation Metrics
0
DSCR
8.34%
Cap Rate
8.34%
ROI
Map
Zoning
C-2 CommercialCore CommercialCentral Business
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View all 54 uses
View all 54 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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