COUNCIL BLUFFS 6-UNIT PORTFOLIO

802 Avenue B & 418 S 1st Street, Council Bluffs, IA 51503

  • For Sale $480,000
  • Property Type Multi-Family
  • Property Size 4,812 SF
  • Units 6
  • Lot Size 0.09 Acre
  • Additional Rent Contact for pricing
  • Year Built 1890
  • Date Updated Oct 30, 2024
Located in the heart of Council Bluffs, IA, 802 Ave B and 418 South 1st Street offer prime access to the city's vibrant community and essential amenities. These properties are situated in a well-established neighborhood, providing convenient proximity to downtown Council Bluffs, local schools, parks, and shopping centers. The area is known for its rich history and close-knit community feel, making it an attractive option for residents. With easy access to major roadways and public transportation, these properties are ideally positioned for both commuters and locals looking to enjoy the best of what Council Bluffs has to offer.Lee & Associates presents a package deal featuring two properties located near Main Street in Council Bluffs. The first property, located at 802 Ave B, is a fourplex consisting of (four) one-bedroom, one-bath units, generating a gross income of $3,712 per month. The second property, a top-and-bottom duplex at 418 South First, features (two) three-bedroom, one-bath units, bringing in $2,800 per month. Both properties have separately metered utilities, with the landlord responsible only for water and trash. The sale also includes a proposed assignable insurance claim. These properties offer a prime opportunity for value-add through renovation and leasing.

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Highlights

  • 6 units
  • 9.38 cap
  • Separately metered
  • Located near downtown CB
  • Value-add potential
  • Proforma NOI $45,045

Contacts

broker

Dakotah Smith, CCIM

Lee & Associates - Nebraska

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable

  • Bike Score ®

    31/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Council Bluffs, IA
  • Neighborhood Fairmount Park
  • Zip Code 51503
  • Market Omaha

Points of Interest

  • Fas Mart

    0.48 miles

  • Kum & Go

    1.18 miles

  • BP

    1.35 miles

  • Casey's General Store

    1.53 miles

  • Cenex

    1.61 miles

  • White Oak Station

    1.77 miles

  • Casey's

    1.99 miles

  • Shell

    2.24 miles

  • Tesla Supercharger

    2.72 miles

  • Garage (Patient/Visitor/Employee)

    0.52 miles

  • Employee

    0.54 miles

  • Emergency (Patient/Visitor)

    0.56 miles

  • Emgy Physicians

    0.57 miles

  • Wait/Short-term

    0.57 miles

  • Patient/Visitor

    0.58 miles

  • Patient/Visitor (Emergency)

    0.59 miles

  • Valet Parking

    0.59 miles

  • Physicians

    0.64 miles

  • Patient/Visitor (Hospital)

    0.64 miles

  • Western Inn Motor Lodge

    1.59 miles

  • AmericInn

    1.61 miles

  • Red Roof Inn

    2.02 miles

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

    2.03 miles

  • Motel 6 Council Bluffs, IA - Omaha East

    2.15 miles

  • Best Western Crossroads of the Bluffs

    2.52 miles

  • Super 8 by Wyndham Council Bluffs IA Omaha NE Area

    2.70 miles

  • Hilton Garden Inn

    2.91 miles

  • Country Inn & Suites

    2.96 miles

  • Holiday Inn Express & Suites

    2.98 miles

  • Pizza Counter

    0.29 miles

  • Taco Smell

    0.35 miles

  • Jimmy John's

    0.36 miles

  • Boxer Barbecue

    0.55 miles

  • Lansky's Pizza

    0.75 miles

  • Papa John's

    0.80 miles

  • Railway Inn

    1.06 miles

  • McDonald's

    1.25 miles

  • KFC

    1.29 miles

  • Papa Murphy's

    1.33 miles

  • Saint Peters School

    0.31 miles

  • Madison School

    0.31 miles

  • Washington Elementary School

    0.50 miles

  • Francis School

    0.71 miles

  • Bloomer School

    0.73 miles

  • Hoover Elementary School

    0.90 miles

  • Pusey Elementary School

    0.94 miles

  • Kirn Junior High School

    0.94 miles

  • Tinley School

    0.96 miles

  • Kanesville High School

    0.98 miles

  • Timothy Preschool

    2.80 miles

Frequently Asked Questions

How much does COUNCIL BLUFFS 6-UNIT PORTFOLIO cost?

The space currently listed for sale at COUNCIL BLUFFS 6-UNIT PORTFOLIO asks for $480,000.

What is the total square footage of COUNCIL BLUFFS 6-UNIT PORTFOLIO?

COUNCIL BLUFFS 6-UNIT PORTFOLIO totals 4,812 square feet.

When was this property built?

COUNCIL BLUFFS 6-UNIT PORTFOLIO was built in 1890.

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Contact Listing Broker

broker

Dakotah Smith, CCIM

Lee & Associates - Nebraska