New Price ~ This well-maintained multifamily property features a 4-unit and 6-unit brick apartment complex on a spacious 0.83-acre lot. The portfolio includes eight 2-bedroom units and two 1-bedroom units, offering stable income with a strong 10% cap rate. Recent upgrades include newer roofs, soffit, fascia, gutters, 31 new windows, and the removal of five trees for improved property aesthetics. Units have seen varying levels of renovation, ensuring minimal capital improvements for the new owner. On-site laundry currently offered free—convert to coin-operated or tenant-billed utilities to increase revenue. Value-add potential through rent increases and utility optimization makes this a smart buy for any investor looking to grow their portfolio in a quiet, stable market.
Bridgewater is located in Iowa. Bridgewater, Iowa has a population of 161. Bridgewater is more family-centric than the surrounding county with 40% of the households containing married families with children. The county average for households married with children is 28.61%.
The median household income in Bridgewater, Iowa is $49,063. The median household income for the surrounding county is $57,944 compared to the national median of $69,021. The median age of people living in Bridgewater is 38.9 years.
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 12.7 degrees. The average rainfall is approximately 35.1 inches per year, with 24.4 inches of snow per year.
