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209 S 4th St 11 Unit Apartment Building $495,000 ($45,000/Unit) Council Bluffs, IA 51503
EXECUTIVE SUMMARY
BARON is pleased to offer a rare investment opportunity in the heart of downtown Council Bluffs, IA—the CB Undecuplex, an 11-unit multifamily property located at 209 S 4th Street. Named “Undecuplex” to reflect its unique configuration of 11 units, this asset offers significant value-add potential for investors looking to modernize and reposition the property within the rapidly expanding Council Bluffs-Omaha Metro area.
The CB Undecuplex boasts a prime location just south of the bustling 100 Block entertainment corridor and a short distance from Bayliss Park and the Haymarket Square district, giving residents easy access to a variety of restaurants, bars, retail shops, and employment opportunities. This is a strategic opportunity to invest in a well-located property with ample upside in a thriving market.
The CB Undecuplex boasts a prime location just south of the bustling 100 Block entertainment corridor and a short distance from Bayliss Park and the Haymarket Square district, giving residents easy access to a variety of restaurants, bars, retail shops, and employment opportunities. This is a strategic opportunity to invest in a well-located property with ample upside in a thriving market.
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PROPERTY FACTS
| Price | $495,000 | Lot Size | 0.12 AC |
| Price Per Unit | $45,000 | Building Size | 6,612 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.76/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | A-P - Administrative Professional District | ||
| Price | $495,000 |
| Price Per Unit | $45,000 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,612 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 0.76/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | A-P - Administrative Professional District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | $595.00 | 301 - 400 |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 7544-36-209-006 | Improvements Assessment | $484,100 |
| Land Assessment | $19,100 | Total Assessment | $503,200 |
PROPERTY TAXES
Parcel Number
7544-36-209-006
Land Assessment
$19,100
Improvements Assessment
$484,100
Total Assessment
$503,200
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209 S 4th St
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