Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 0-bedroom, 0-bathroom commercial at 1906 90th Avenue in Algona, IA is listed for $1,200,000. Built in 1940, on a N/A lot.
Exceptional opportunity to acquire a fully renovated multi-family asset with strong in place income & significant upside potential. This facility has been thoughtfully converted into a well maintained apartment complex, offering immediate, significant cash flow.
The property features updated units with modern finishes, attractive stable tenancy & consistent rental demand. Major improvements have already been completed, allowing a new owner to step into a turn key investment with minimal deferred maintenance. The expansive lot offers ample space for additional development.
This flexibility provides multiple avenues to increase revenue and overall asset value. Located in a stable rental market in Algona, the property benefits from steady demand and a strong tenant base, making it ideal for both seasoned investors & those looking to grow their portfolio. Whether you're seeking a reliable income producing property or a strategic investment with future development potential, this offering delivers on both fronts. Currently there are 12 apartments & 2 studio commercial spaces with garages.
Key Features
- Built in 1940
Property Details
Monthly Cost Estimate
$6,418/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1906 90th Avenue
Algona, IA 50511
Property Details
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1906 90th Avenue is listed at $1,200,000. The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.
Key features include: Built in 1940.
This property is listed by Matthew Muller and can be reached at 5153415405 or mmuller@farmhomeservices.com.