Well Maintained 8-Plex - Day 1 Cashflow + Clear path to further NOI growth Stanbrough Realty is pleased to offer 113 2nd St NE, Mitchellville, IA to both local and regional investors. The property is currently 100% occupied and consists of eight (8) 2BR/1BA units, ideally positioned on the corner of 2nd & Park Ave directly across from the Mitchellville Community Center. 113 2nd St NE has been well maintained and professionally managed throughout ownership, featuring clean common areas, a private parking lot, and a brand-new boiler system installed in 2025. While units retain original cabinetry, turnovers during current ownership have included upgrades such as LVP flooring, new carpet, and fresh paint, supporting overall unit quality and tenant appeal. The Mitchellville submarket is characterized by limited multifamily supply, consistent workforce-driven demand, and strong connectivity to the Des Moines metro, supporting durable occupancy fundamentals. Historically, the property has maintained near-full occupancy with minimal downtime between leases, reflecting stable tenant demand and efficient turnover. Investment highlights Quiet & clean 8-Plex that features clean common areas and ideal tenant profile. GROSS MONTHLY RENT: $5880/Mo 2BR/1BA Units (710 SF) AVG RENT - $735 Market Rent - $810 Owner Utilities - Heat, Water, Common Area Electric Recent 2025 Capital Expenditures Include; Boiler System Replacement (2025) & Parking Lot Seal (2025) 5/8 units reside MTM allowing a new investor to raise rents/implement RUBS at acquisition.