Investors special, lots of potential! This was a passion project for current owner. Property has not been lived in since current owners have owner it, looking for someone to carry on the project. All units are deeded as condominiums. The seller owns all 15 units and would like to sell them as a portfolio. 11 of the 15 units have been remodeled with amish craftsmanship, quality and uniqueness. The 4 others are down to studs and would need to be finished by new buyer. Lots of materials there to help finish the units. The common area has also been remodeled. All units are located on the second level of the Jewel building located across from the court house in downtown Newton. Total sq footage of all units is 7,693. There are 2 entrances into the building, one off 1st Ave, one off 1st street. All information obtained from seller and public records.
Newton is located in Iowa. Newton, Iowa has a population of 15,688. Newton is less family-centric than the surrounding county with 25.64% of the households containing married families with children. The county average for households married with children is 29.28%.
The median household income in Newton, Iowa is $51,026. The median household income for the surrounding county is $63,182 compared to the national median of $69,021. The median age of people living in Newton is 40.6 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 10.4 degrees. The average rainfall is approximately 35.9 inches per year, with 27.9 inches of snow per year.
