225 Clymer Road, Hiawatha, IA 52233

Some investments ask you to be patient. This one starts paying you on day one. 225 Clymer is a newly built Hiawatha multifamily with three side-by-side two-story units, and the numbers are easy to like. The rent roll is $6,500 a month, or $78,000 a year in gross income. Based on an estimated NOI of $65,600, the property works out to an approximate 8.46% cap rate on a building with no deferred maintenance waiting to surprise you. Buyers should verify all income and expense figures. The units are what keep it rented. Each one has about 1,750 finished square feet with 3 bedrooms and 2.5 bathrooms. The main level is open and bright, with a modern kitchen, white cabinetry, quartz countertops, stainless appliances, and durable LVP flooring. A half bath and sliding patio doors round out the main floor. Upstairs, tenants get a private primary suite with a walk-in closet and ensuite bath, two more bedrooms, a full hall bath, and laundry right where the laundry baskets are. It's the kind...