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1521 S G Ave, Nevada, IA, 50201

1beds
33baths
16,594sqft
$2,100,000
$127price/sqft
$15,814/moest. monthly cost
$632,560/yrincome needed

About This Home

Nevada Living Apartments presents a strong, turnkey investment opportunity in the heart of Nevada, IA. This fully stabilized, recently renovated 33-unit complex features efficient studio apartments, each with its own, newly renovated, kitchen. An on-site laundry room with coin-operated machines provides additional revenue, while a spacious 2-bedroom manager’s apartment allows for convenient, built-in oversight or added rental income. A utility monitoring system has also been installed to maximize cost efficiency. With modern updates, reliable occupancy, and multiple income streams, this property offers long-term stability in a growing community. Broker has a financial interest.

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

8/10
Central Elementary SchoolGrades PK-41.0 mi
7/10
Nevada Middle SchoolGrades 5-81.1 mi
5/10
Nevada High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1997

Materials

  • Foundation: See Remarks
  • Roof: Asphalt,Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: See Remarks

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 33
  • Full bathrooms: 33

Features

  • See Remarks

Heating

  • Heating features: Natural Gas,See Remarks

Interior Area

  • Total structure area: 16,594
  • Total interior livable area: 16,594 sqft

Property

Details

  • Parcel number: 1117116125
  • Zoning: MR R3

Lot

  • Lot size: 2.05 Acres
  • Features: Irregular Lot