3906 E Main St 8 Unit Apartment Building $659,000 ($82,375/Unit) 9% Cap Rate Knoxville, IA 50138

Located just outside Knoxville, is a lucrative investment opportunity ready for you to seize! This property boasts a fully occupied building featuring 7 income-producing apartments and a successful restaurant leased to a seasoned professional willing to extend to a long-term lease or vacate for new owner/operator. The 4,500 square foot building includes an indoor dining area for over 40 guests, an outdoor deck and bar for up to 100 patrons, a sand volleyball court, and ample parking. With a 9% going-in cap rate and local bank financing available, this property promises great cash flow with minimal management required. Conveniently situated near city limits and close to two major factories, employing hundreds of people, the location is perfect for both housing and food service ventures. Take advantage of the opportunity to expand and add additional buildings (storage? housing?) to maximize your returns. Don't miss out on this turnkey investment with a successful track record dating back to 1990!