2310 E Main Street

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2310 E Main Street

Ottumwa, IA 52501
Asking Price
$75K
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 Ottumwa, Iowa
  • Asset features a total of 2 individual units
  • Asking price for the property is 75000 dollars
  • Situated at the address 2310 E Main Street
  • Positioned within the 52501 regional housing market

What's Special

This multifamily apartment building contains 2 units and is currently available for purchase at 2310 E Main Street in Ottumwa, Iowa. Positioned within a established residential corridor, the property offers a straightforward investment for those focused on small-scale rental portfolios or property management. Ottumwa serves as a regional hub within southeastern Iowa, providing a stable economic base that supports consistent demand for local housing options. The asset provides a manageable entry point into the local market. Given its scale and configuration, the building is well-suited for an investor seeking to capitalize on steady rental income within a supportive suburban community. Proximity to major regional routes and local infrastructure ensures accessibility for tenants. With its straightforward layout and prime location in the 52501 ZIP code, this building represents a focused addition for an existing portfolio or an initial acquisition for those entering the multifamily space.

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NOI
$80,000
Cap Rate
106.67%
DSCR
17.97
Strong
Cash-on-Cash
335.77%
Monthly Payment
$371.059
Annual Cash Flow
$75,547.291

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