Homes for sale - 2121 Greene Street, Adel, IA 50003

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Rich Montanaro

rich@americanreco.com +1(515) 451-4549

$ 2,200,000

Est. payment | -/mo

33 Beds

24 Baths

Save

$ 2,200,000

Est. payment | -/mo

Save

33 Beds

24 Baths

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 726452

Bedrooms 33

Full Baths 24

HOA Y/N No

Year Built 1984

Annual Tax Amount $26,550

Property Description

Investment Opportunity in Adel, IA. This 24-unit multifamily property offers a balanced mix of 12 two-bedroom units, 9 one-bedroom units, and 3 studio apartments. Each residence features a full bathroom along with essential appliances including stove, refrigerator, microwave, and dishwasher (dishwasher not included in studios). Approximately 50% of the units have been fully renovated with modern upgrades—new flooring, fresh paint, updated trim, enhanced lighting, stylish kitchen cabinetry, and updated appliances. On-site coined laundry adds convenience for residents. With its prime location and strong rental mix, this property presents an excellent opportunity for investors seeking both immediate income and long-term growth potential.

Location

State IA

County Dallas

Area Adel

Zoning Multi

Interior

Heating Forced Air, Gas, Natural Gas

Cooling Central Air

Flooring Carpet

Fireplace No

Laundry Main Level, Upper Level

Exterior

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Asphalt,Shingle

Private Pool No

Building

Dwelling Type Apartment,Multi Family

Foundation Poured, Slab

Sewer Public Sewer

Water Public

Schools

School District Adel-Desoto-Minburn

Others

HOA Fee Include Insurance,Maintenance Structure,Taxes,Trash,Snow Removal

Monthly Total Fees $2, 212

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by EXIT Realty & Associates

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(515) 451-4549

rich@americanreco.com

2815 Beaver Ave, Des Moines, IA, 50310, USA

2121 Greene Street Adel, IA 50003