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22074498
8936785

501 W 4th St, Waterloo, IA 50701

CF
IA IA B44779000
The Fischels Group
Listed by The Fischels Group
$249,900
1318 days on market
Updated 21 days ago

501-505 W 4th Street

Details
Property Type Mixed Use, Multifamily (+2)
Sub Type Apartment Building, Storefront (+1)
Square Footage 7,552
Net Rentable (SqFt) 7,552
Units 8
Cap Rate 6.90%
Occupancy 67%
Tenancy Multi
Price per SqFt $33
Broker Co-Op Yes
Year Built 1913
Buildings 1
Stories 2
Lot Size (SqFt) 16,800
Zoning C-2
Ground Lease No
Sale Condition For sale by owner

Income- Producing, Mixed-Use Property

Marketing description

This multi-unit, mixed-use investment opportunity features a versatile income stream with three main-level office or retail suites and five residential apartments on the second level. The property is strategically positioned for maximum exposure, offering high visibility and the rare convenience of a large, private off-street parking area for both tenants and clients. Adding to the flexibility of this asset, all residential leases are currently on a month-to-month basis, providing an ideal scenario for an investor looking to adjust to market rents or transition the units. With a solid foundation of commercial and residential synergy, this property is a standout for those seeking a diversified portfolio. Furthermore, the seller is open to considering a sale on contract, depending on the strength of the proposed terms.

Investment highlights

  • Main Level- 3 Office/Retail Space

  • Second Level- 5 Residential Apartment Units

Listing Contacts

CF
IA IA B44779000
The Fischels Group
Listed by The Fischels Group

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Additional Information

Name
Chris Fischels
License
IA B44779000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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