807 3rd Street Durant, IA 52747 • Multi Unit - Multiple • Active $600,000

Description

Harvest Meadow Estates is a 14-unit residential facility located at 807 3rd Street in Durant, Iowa. The property is situated on approximately 0.66 acres (28,800 SF) and is zoned commercial, allowing for a variety of residential and institutional uses. Originally constructed in 1982, the building underwent a comprehensive renovation in 2025, resulting in a modernized asset with updated mechanical systems, common areas, and accessibility features. The building contains approximately 7,644 square feet and is currently 100% vacant, providing a buyer with the ability to immediately implement their own operational model or conversion strategy. Seller financing is available. The property consists of 14 total units, including 13 studio apartments and one two-bedroom apartment located on the lower level. The building is arranged across three levels, all of which are served by a fully operational elevator connecting the basement through the second floor. The main level features a large community living area, open dining room, and oversized kitchen designed to accommodate shared meals or group use. This level also includes four studio units, a community laundry facility, and a shared half bathroom. The upper level includes eight studio apartments, while the lower level contains a premier studio unit, the two-bedroom apartment, a full shared bathroom, a recreation or activity area, and an administrative office. The structure is built on a poured concrete foundation and is serviced by 400-amp electrical service (two 200-amp panels). Heating is provided by gas-fired furnaces manufactured in 2024, with cooling supplied by six separate air conditioning units, at least one of which is confirmed to be manufactured in 2024. The property is connected to city water and city sewer. Two water heaters serve the building (manufactured in 2021 and 2002). The age of the roof is unknown, and there is no on-site generator. A garage area includes an AC splitter installed approximately 2024. The building is wheelchair accessible and includes safety rails throughout. Additional safety features include smoke and carbon monoxide alarms and building-wide Wi-Fi. Common amenities include a community dining room, large shared living room, activity and recreation space, reading area, four-season room, fitness equipment, business center access, community laundry facilities, resident refrigerator storage, landscaped grounds, garden area, and on-street parking.

Property Highlights