For Sale
$205,000

138 Cumberland St Fremont, IA 52561

20-Unit Multifamily & Storage, Iowa

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional commercial property in Fremont, Iowa, presents a compelling investment opportunity. Located on Highway 23, near Casey's General Store, this 0.39-acre lot (APN 1614262009) boasts a prime location within Mahaska County. The property comprises two buildings: a 30' x 100' mini-storage facility with 20 (10' x 15') units, 17 of which are currently leased month-to-month, and a 60' x 100' post-frame warehouse with 16' sidewalls and two 14' overhead doors. The warehouse currently houses 16 tenants under annual leases expiring November 1st, 2024. Both buildings offer ample parking. The mini-storage units feature manually operated overhead doors. The property is zoned commercial, allowing for diverse future uses beyond self-storage. Built in 1992 (mini-storage) and 1996 (warehouse), this established business offers immediate cash flow and significant upside potential through lease renewals and marketing. The asking price is $205,000. This property is ideal for investors seeking immediate return and long-term growth in a thriving Iowa community. The address is 138 N Cumberland St, Fremont, IA 52561.

Highlights

  • $205,000 asking price.
  • Multifamily property with 20 units and land, zoned commercial.
  • Located at 138 N Cumberland St, Fremont, IA 52561, on Highway 23.
  • 0.39-acre lot with APN 1614262009.
  • Includes a 30' x 100' mini-storage building (20 units) and a 60' x 100' warehouse building.

Property Details for 138 Cumberland St

Property type
Land
Lot Size (sq. ft)
16,988 SF
Units
20

Location Insight

City
Fremont
County
Mahaska
State
Iowa
Latitude
41.2130746
Longitude
-92.4342081

FAQs

What type of property is this?
Land - 20-Unit Multifamily & Storage, Iowa
Where is the land located?
The property is located at 138 Cumberland St Fremont, IA.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: $205,000 asking price.; Multifamily property with 20 units and land, zoned commercial.; Located at 138 N Cumberland St, Fremont, IA 52561, on Highway 23.
How can I contact the broker?
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138 Cumberland St
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