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225 Clymer Road

Hiawatha IA 52233

9
3
5250 sq. ft.
9520 sq. ft.
Other
Currently for sale - view listing

Overview

This brand-new multifamily property in Hiawatha offers investors a rare opportunity to acquire a newly constructed, income-producing asset with immediate stabilization and limited near-term capital needs. With a current rent roll of $6,500 per month and approximately $78,000 in gross annual income, the property is already producing reliable cash flow from day one. Based on a purchase price of $850,000 and NOI of $65,600, the property is positioned at an approximately 7.72% cap rate, offering a compelling yield in a high-demand market. For investors focused on income, this is a clean, modern asset with built-in efficiency and strong long-term hold potential. The property consists of three two-story units, each offering approximately 1,750 finished square feet with 3 bedrooms and 2.5 bathrooms. Units feature open-concept main levels, spacious living areas, modern kitchens, and dining spaces, along with white cabinetry, quartz countertops, stainless steel appliances, and durable LVP flooring. Each unit also includes a main-level half bath and sliding patio doors that add livability and tenant appeal.

Features

9 bedrooms
3 bathrooms
5250 sq. ft. floor area
9520 sq. ft. lot size
Other

Property history for 225 Clymer Road

2023
Sold
$27,000
11 Aug 2023 by Bryant Nicholson, of Pinnacle Realty LLC

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Local market activity for 9 bedroom other properties in Hiawatha

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