Apartment in Indianola, IA

Five-Unit Investment Property Near Indianola Town Square Excellent opportunity to acquire an income producing property in a prime location near the Indianola town square. This 5 unit conversion property features a desirable unit mix including 4 studio apartments, and a 1 bedroom + 1 bath apartment. The two upstairs units can be considered as one unit if one wanted to run the property as a 4 unit rental space. The property's efficient layout supports low-maintenance ownership, while its close proximity to the town square provides tenants with convenient access to shopping, dining, entertainment, and community events. The walkable location enhances long-term occupancy and rental appeal. Ideal for investors seeking steady cash flow and portfolio growth, this property presents a solid opportunity. At full occupancy, current net income after all expenses-including utilities, insurance, and property taxes-is approximately $2,000 per month, or $24,000 annually (+/-), representing an estimated 11.7% net annual ROI. This return does not include potential property value appreciation.