Multi-Family
The Heritage High Apartment complex is a newly renovated apartment building located just blocks away from restaurants, shopping centers, and other local amenities. The unit mix is composed of six one-bedroom apartments, and twenty-five two bedroom apartments. The historical building has had major capital improvements on top of being completely renovated in 2020. Other improvements over the years include a new clay tile roof with a 75 year warranty, parking lot to the West has been recently resealed and striped, and $200,000 has been invested into the underground parking garage in 2024. This improved property can produce additional revenue through the 14 coin-operated washers/dryers, rent increases, cable fees, and parking fees on the 31-spot underground parking garage. Note: All SF are estimated.
Below Grade Finished Square Feet | 10314 |
Contingency Type | None |
County | Lake |
Legal Description | LOT B1 HERITAGE ADD #60M |
Main Square Feet | 13970 |
Rental Income | 274200 |
Rented | Yes |
Tax Year | 2023 |
Units | 31 |
Zoning | Commercial |
MLS#: 827636; Listing Provided Courtesy of Gateway Real Estate Advisors (712-898-8372) via Northwest Iowa Regional Board of REALTORS. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.