209 4Th StCouncil Bluffs, IA 51503

Property Details for 209 4Th St

Year built

1920

Property size (Sq ft)

6,612 SF

Property type

Apartment buildings

Description

This exceptional 11-unit apartment building, known as the CB Undecuplex, presents a compelling value-add opportunity in the heart of Council Bluffs, Iowa. Located at 209 S 4th St, this three-story, 6,612 square foot building sits on a 5,800 square foot lot (APN: 7544 36 209 006) and is zoned for Administrative Professional District use. Built in 1920, the property boasts 100% occupancy as of September 28, 2024, offering immediate cash flow. Its prime downtown location places it steps from the vibrant 100 Block entertainment corridor, Bayliss Park, and Haymarket Square, providing residents easy access to dining, shopping, and entertainment. The strong rental market in Council Bluffs, coupled with the property's affordability, ensures consistent demand. This investment offers significant value-add potential through unit modernization, allowing for increased rental rates and property value. The acquisition of 11 units at an attractive price per door provides economies of scale, maximizing potential returns. This fee simple ownership opportunity allows for immediate control and strategic repositioning within the thriving Council Bluffs-Omaha metro area. The property's scale and location make it an ideal investment for those seeking a strong return in a stable market. This is a rare chance to acquire a well-positioned multifamily asset with substantial upside potential.

Location Insight

City

Council Bluffs

County

Pottawattamie

State

Iowa

Latitude

41.2577

Longitude

-95.8496

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