NAI United proudly presents an exceptional investment opportunity on the outskirts of Albert City, Iowa, with immense upside that will enhance the in-place cash flow. This expansive 41,421-square-foot property, constructed in 1965 and renovated in 2003, comprises 46 units: 29 nursing home units and 17 market-rate apartments. A restaurant, lounge, and gift shop operate on-site, providing additional streams of income, alongside the existing apartment rental income. The nursing home units, which are not currently utilized, can be reestablished to their original use or repurposed for apartments/school/or another vision. Positioned at the corner of Highway 197 and Spruce Street, the asset serves the surrounding Albert City-Truesdale community and benefits from favorable demographic fundamentals, including a growing senior population, strong household incomes, and an economy driven by agriculture processing, and energy production, as well as stable employment in education and healthcare. With solid construction, a history of renovations, and ample flexibility for an investor or operator to execute a new vision, this rare offering combines current income with meaningful upside in a market with limited comparable opportunities. Boasting solid construction and situated in a prime location, this property offers limitless potential for a variety of applications. With its versatility and ample space, this property is a rare find in today's market. Don't miss out on the endless possibilities and watch a new vision come to life in this remarkable property. Property tours are by appointment only. Please contact the listing broker more than 24 hours in advance to schedule.