IA Commercial Real Estate Auction

Land Description

Online Only Auction

15-Unit Condominium Portfolio in Newton, Ia

Bidding Ends: Thursday, April 30 • 6 Pm

Investment Opportunity • Multifamily Redevelopment Project

Property Address: 104 1st Ave E Units 1-15 Newton, IA 50208

Preview Dates: April 11 & 25 • 10 AM - 12 PM (10:00Am - 12:00Pm)

Downtown Newton, Iowa Investment Opportunity

This offering includes 15 deeded condominium units selling as a complete portfolio. A rare opportunity to acquire and complete a nearly finished multifamily redevelopment project. Ideal for investors seeking:

• Multi-family portfolio opportunity

• Desirable location, near completion

• Strong small-market rental demand

Property Highlights

• 15-Unit Mix:

o 11 - 1 Bedroom

o 4 - Efficiency Units

• 10 Units Nearly Complete

o Renovated with quality Amish craftsmanship

• 5 Units Ready for Completion

o Taken down to the studs

• Total Building Area: 7,693 ± Sq. Ft.

• Common Areas Updated

• Taxes: $7,552 (2025)

• HOA Association Dues: $12,250

Building Features

• City water & sewer

• Electric forced air heat

• Central air conditioning

• Concrete streets, sidewalks, and walkable downtown location

• Elevator service

• New Roof replaced (2025)

Bid to Grow Your Real Estate Portfolio

Register & Bid

Make Agency Iowa

Scot Bergman, Associate Broker

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