$1,900,000
COUNCIL BLUFFS, IA 51501
MLS# 21-2025
Status: Closed
2992 sqft
1 / 37
Property Description
32 Unit apartment complex consisting of 4 buildings with 8 units each. Off street parking for 38 vehicles. Permanent siding, newer roofs, several units have been upgraded. Contact listing agent for showing instructions.
Details
Maps
Contract Information
Current Price: $1,900,000
Status: Closed
Listing Date: 2021-10-14
Sold Price: $1,900,000
Sale: For Sale
Bank Owned?: No
General Property Description
Type of Property: Apartment Building
# Sleeping Rooms: None
# Effic Studios: None
# of 1 BR Units: None
# of 2 BR Units: 9+
# of 3+ BR Units: None
# of Full Baths: 9+
# of 1/2 Baths: None
Garage: None
Parking: See Remarks
Year Built: 1989
Number of Units: 32
Lot Size: 1.5 Acres
Tot Fnshd SF: 2992
Location, Tax & Legal
Area: Area 2
House #: 3205
Street Name: 12TH
Street Suffix: Avenue
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51501
Status Change Info
Status Change Date: 2021-12-01
Under Contract Date: 2021-10-19
Sold Date: 2021-12-01
Sold Price: $1,900,000
Type Of Financing: Conventional
Mortgage Info
Assumable: N
Existing Lender: Cobalt Credit Union
Gross Taxes: 30656
Status Info
Sold Status: Sold Inner Office
REIDS Inc Sale Prc: No
Sale Price Incl Lot: Yes
Income Expenses
Annual Gross Income: 264300
Ls Operating Expense: 129719
Net Operating Income: 112351
Property Features
Existing First Mtg: Conventional
Exterior: Other
Roof: Composition
Documents on File: Aerial Photo
Terms: Cash; Contract
How To Show: Call Agent; Subject to Tenants
Appliances: Dryer - Coin; Range; Refrigerator; Washer - Coin
Possession: Closing
Features: Carpets; Common Util Room
Miscellaneous: Individual Elec Mtrs; Individual Gas Mtrs; Security Deposit
Inspections: City Inspected; Section 8 Inspected
Number of Stories: Two
Listing Office: Heartland Properties
Last Updated: July - 01 - 2026
Information deemed reliable but not guaranteed.