COUCIL BLUFFS 14-UNIT MUTIFAMILY

For Sale

135 Glen Ave, Council Bluffs, IA 51503

This Council Bluffs property for sale is located at 135 Glen Ave. The current listed sale price for COUCIL BLUFFS 14-UNIT MUTIFAMILY is $695,000. COUCIL BLUFFS 14-UNIT MUTIFAMILY is situated on a lot that is 0.35 acre in size.

Contacts

broker

Dakotah Smith, CCIM

Lee & Associates - Nebraska

Property Details

  • Property Type Multi-Family
  • Property Size 5,106 SF
  • Units 14
  • Lot Size 0.35 Acre
  • Additional Rent Contact for pricing
  • Year Built 1900
  • Date Updated Oct 28, 2024
135 Glenn Ave, Council Bluffs, Iowa, is situated in a tranquil residential neighborhood with a blend of suburban charm and urban convenience. This location offers easy access to nearby parks, schools, and local amenities, making it ideal for families and professionals alike. The property is just a short drive from downtown Council Bluffs and major highways, providing a seamless connection to Omaha and the broader metro area.Lee & Associates proudly presents a distinctive dorm-style, city-certified conversion apartment. This unique property features four levels, each with separate entrances and individual amenities. The first three floors are designed for shared living, with each floor equipped with a communal kitchen, bathroom, and laundry facilities. Each of these floors contains four rooms available for individual rental. The top floor offers a spacious 1,200 sq. ft. unit, complete with four bedrooms, one bathroom, a kitchen, and laundry facilities. Additionally, there is a private studio apartment located on the second floor, featuring its own kitchen, bathroom, and laundry. Each floor has its own electrical system and water heater, with separate metering for utilities, which would allow each floor to be converted to larger 4 and 5 bedroom suites if desired. The building has been thoroughly inspected and permitted by the city, featuring updates such as a new sprinkler system, plumbing, electrical work, and foundation improvements. This property also includes four garages and off-street parking. Recently cosmetically renovated, it offers strong cash flow potential with a Net Operating Income (NOI) of $68,000 and a capitalization rate of 9.79%.

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Highlights

  • 9.79 cap
  • NOI $68,000
  • Off street parking
  • Updated electrical and plumbing
  • Assignable insurance claim

Attachments

Getting around

  • 80/100

    Walk Score ®

  • 40/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Council Bluffs, IA
  • Neighborhood Fairmount Park
  • Zip Code 51503
  • Market Omaha

Points of Interest

  • Fas Mart

    0.56 miles

  • BP

    1.13 miles

  • Kum & Go

    1.40 miles

  • Casey's General Store

    1.48 miles

  • White Oak Station

    1.55 miles

  • Cenex

    1.78 miles

  • Casey's

    2.15 miles

  • Shell

    2.24 miles

  • Tesla Supercharger

    2.78 miles

  • Garage (Patient/Visitor/Employee)

    0.58 miles

  • Employee

    0.58 miles

  • Emergency (Patient/Visitor)

    0.60 miles

  • Emgy Physicians

    0.61 miles

  • Patient/Visitor

    0.62 miles

  • Patient/Visitor (Emergency)

    0.64 miles

  • Wait/Short-term

    0.64 miles

  • Valet Parking

    0.66 miles

  • Physicians

    0.71 miles

  • AmericInn

    1.75 miles

  • Western Inn Motor Lodge

    1.77 miles

  • Red Roof Inn

    2.02 miles

  • Fairfield Inn & Suites Omaha East/Council Bluffs, IA

    2.02 miles

  • Motel 6 Council Bluffs, IA - Omaha East

    2.12 miles

  • Best Western Crossroads of the Bluffs

    2.37 miles

  • Super 8 by Wyndham Council Bluffs IA Omaha NE Area

    2.55 miles

  • Hilton Garden Inn

    2.75 miles

  • Deluxe Inn

    2.76 miles

  • Holiday Inn Express & Suites

    2.79 miles

  • Latino Market

    1.23 miles

  • Hy-Vee

    1.51 miles

  • Mall of the Bluffs

    1.57 miles

  • Walmart Supercenter

    1.83 miles

  • No Frills Supermarket

    1.84 miles

  • Fareway

    1.92 miles

  • Gordmans

    2.15 miles

  • ALDI

    2.18 miles

  • Kohl's

    2.62 miles

  • TJ Maxx

    2.78 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Dakotah Smith, CCIM

Lee & Associates - Nebraska