225 Clymer Road Hiawatha, IA 52233 • Multi Unit - Multiple • Active $850,000

Description

This brand-new multifamily construction in Hiawatha offers a rare opportunity to own a low-maintenance, income-producing asset in a high-demand area close to I-380, schools, and medical centers. This newly built multifamily features three two-story units, each offering approximately 1,750 finished square feet with 3 bedrooms and 2.5 bathrooms. Every unit showcases an open-concept main level with spacious living area, modern kitchen, and dining space, complemented by white cabinetry, quartz countertops, stainless steel appliances, durable LVP flooring, and a convenient half bath. Sliding patio doors lead to outdoor space, enhancing tenant appeal and livability. Upstairs, each unit includes a private primary suite with walk-in closet and ensuite bath, two additional well-sized bedrooms, a full hallway bathroom, and upper-level laundry for everyday convenience. From an investment standpoint, this property is built for efficiency and long-term performance. With a brand-new roof, furnaces, air conditioning systems, appliances, and finishes throughout, owners can expect minimal maintenance and strong operational stability for years to come. All utilities are separately metered, keeping expenses streamlined and predictable. The off-street parking lot provides ample space, with flexibility for the new owner to designate or assign spots as desired. With no HOA or restrictive covenants, investors retain strong flexibility in use, making the property suitable for long-term, mid-term, or short-term rental strategies, subject to local regulations and permitting. Currently fully vacant, this property offers a clean slate for immediate lease-up and optimized rent positioning in a growing, well-located community. Combine modern construction, strong tenant demand drivers, low operating risk, and long-term appreciation potential, and this is a compelling opportunity for both new and seasoned investors.

Property Highlights