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Size: 1.74 Acres

COMMERCIAL - Rake, IA

Turnkey 8-unit apartment with positive cashflow on Day 1 and additional upside. The deal includes two 4-unit buildings side-by-side on a 1.74 acre lot. All units have received recent updates including fresh paint, new flooring, and new plumbing. Many also have new kitchen cabinets and bathroom updates. Good tenants with in-house management in a nice, stable small town. Room for increasing rents without major updates. Call today for a showing!

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1st Choice Realty

License #***

Forest City, IA

(641) 585-2404

Bethanie Farus

1st Choice Realty
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1st Choice Realty, (641) 585-2404
Source: ListHub, MLS# 6319790
Listing status: Pending
Listing last updated: January 26, 2026 at 2:37 PM
Listing last checked: January 26, 2026 at 2:30 PM
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