Investment Opportunity

This well-maintained, single-owner apartment complex offers an exceptional turn-key investment in a stable Iowa community. Consisting of 3 buildings totaling 7,824 square feet on a generous 0.89-acre lot, the property features 22 units -all configured as spacious 2-bedroom, 1-bathroom layouts - and enjoys 100% occupancy, delivering immediate and reliable cash flow.

Built in 1996 with solid construction, this vintage-style multi-family property provides functional and comfortable floor plans that continue to attract long-term tenants. The complex includes ample parking and outdoor space, situated in a convenient location near downtown Colfax with easy access to local amenities, schools, and major transportation routes.

Key Highlights:

22 units ? all 2 bed / 1 bath
-100% occupancy with strong rental demand
-Single-owner property (family-owned and operated)
-3 buildings totaling 7,824 sq ft on 0.89 acres
-Vintage charm with practical, well-built design
-Excellent parking and outdoor space
-Strong income-producing asset

Perfect for investors seeking a fully occupied, cash-flowing multi-family property with consistent performance. Colfax's small-town appeal combined with proximity to larger employment centers supports continued tenant stability and demand.
Serious inquiries only - contact for detailed financials, rent roll, unit photos.

All information obtained from seller and public records.