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905 S WASHINGTON ST
BLOOMFIELD, IA 52537-2146
Asking Price
$1.20M
Asset Type
Commercial Mixed-use
Class
Class B
What's Special
<p>Investment Highlights</p><p>• Rare motel-to-apartment redevelopment opportunity with significant value-add potential</p><p>• Approximately 3.5 +/- acres offering flexibility for expansion and future development</p><p>• Existing motel improvements provide a strong foundation for multifamily or extended-stay conversion</p><p>• Additional parcel generates supplemental income creating immediate cash flow potential</p><p>• Opportunity to reposition into workforce housing, apartments, or mixed-use
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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657
