25-27 6th Street NW

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25-27 6th Street NW

Mason City, IA 50401
Asking Price
$170K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Mason City, Iowa.
  • The property features two individual residential rental units.
  • Current asking price for the asset is $170,000.
  • Located at 25-27 6th Street NW in the 50401 zip code.
  • Established regional hub offering potential for steady rental income.

What's Special

Mason City serves as a central hub for commerce in North Iowa, providing a stable economic environment for residential investments. This multifamily apartment building, situated at 25-27 6th Street NW, is available for purchase at an asking price of $170,000. The asset comprises two residential units, offering a straightforward addition to an investment portfolio in this established submarket. Local demand for rental housing remains steady within the region due to the city's role as a regional destination for employment and services. Investors may find this property suitable for long-term hold strategies or repositioning efforts to capture current market rents. Its positioning within a well-connected part of the city ensures accessibility for tenants who prioritize proximity to local infrastructure and community amenities. This property represents a tangible asset for those seeking to expand their residential holdings in the area.

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NOI
$80,000
Cap Rate
47.06%
DSCR
7.93
Strong
Cash-on-Cash
137.07%
Monthly Payment
$841.067
Annual Cash Flow
$69,907.193

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