Water St - Multi-Family FOR SALE


Cambridge, IA 50046
$1,100,000 USD
515-309-4002
Water St, Cambridge, IA for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

Water St
Cambridge, IA 50046


OVERVIEW

Cushman and Wakefield Iowa Commercial Advisors Exclusively Offers: -This property includes 4 fully renovated residential units plus 2 street-level commercial spaces renovated in 2025 with complete upgrades throughout. Residential Highlights: - Each unit features brand-new kitchens and bathrooms, modern flooring, and in-unit washer/dryer. - Independent HVAC systems in every unit ensure comfort and efficiency. Commercial Potential: - Ground floor spaces are ideal for retail, office, or service-oriented tenants. Upgrades & Infrastructure: - All mechanical, electrical, and plumbing systems were replaced during the remodel. Location & Access: - Located in a high-activity area with great accessibility. - Approximate drive times: 16 minutes to Ames, 23 minutes to Ankeny.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

6

PRICE/UNIT

$183,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

222 Water Street | Cambridge, Iowa

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alec WilcoxCushman & Wakefield | Iowa Commercial AdvisorsMore Info
515-309-4002

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Alec WilcoxCushman & Wakefield | Iowa Commercial AdvisorsMore Info
515-309-4002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.