About This Home

This 15-bedroom, 12-bathroom single family at 101 kelly's court in Forest City, IA is listed for $599,000 ($49 per sqft). Built in 1985, the home offers 12,300 sqft of living space on a 3.58 acres lot.

Key Features

  • Built in 1985
  • 3.58 acre lot

Property Details

1985

Amenities

A/C
Listing Description

INVESTOR ALERT! What an opportunity!! This listing includes 3 separate 5 Bedroom 4 Bath homes (101,102 & 105 Kelly's Ct.) all former assisted living facilities ready to be transformed into your dream investment. All 3 buildings are the same layout and very similar inside.

Unique Investment Opportunity - 3-Building Former Assisted Living Facility next to the Waldorf University campus Don't miss this rare opportunity to own a multi-building property with endless potential! Formerly operated as an assisted living facility, this property features three separate buildings situated on a spacious cul-de-sac, providing privacy and convenience.

With a large paved parking lot and room for expansion or redevelopment, the layout is ideal for a variety of uses-senior housing, multifamily conversion, group living, rehabilitation center, office complex, or other institutional or residential purposes (subject to zoning).

The property covers the entire cul-de-sac, offering maximum accessibility and presence. Each building includes multiple rooms, common areas, restrooms, and kitchen facilities designed for residential care, with infrastructure already in place to support similar operations. Bring your vision and transform this one-of-a-kind property into your next successful venture!

Monthly Cost Estimate

$3,204/mo

20% down · 6.5% · 30 years

Principal$433
Interest$2,596
Insurance$175

Estimates only. Actual payments may vary.

Location

101 kelly's court

Forest City, IA 50436

Property Details

Construction

Brick Vinyl Siding

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 15-bedroom, 12-bathroom single family at 101 kelly's court is listed at $599,000 ($49/sqft). The estimated monthly payment is $3,204 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1985, 3.58 acre lot.

This property is listed by Dustin Crawford.

DC

Dustin Crawford

Agent at Iowa Home & Land Realty

Listed by Iowa Home & Land Realty · Broker phone: (515) 423-0195 · View on Broker Site · Broker website

MLS# 6332628· Source: NoCoast MLS· 387 days on PropertySimple

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

101 kelly's court, Forest City, IA 50436

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