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505-509 E 1st St
Huxley, IA 50124
Multifamily Property For Sale
·
72 Units
Investment Highlights
- Access to US Highway 69 and Interstate 35 connectivity
- Positioned within the Ames and Des Moines regional orbit
- Visibility along a primary local commercial corridor
- Central Huxley location serving established neighborhoods
Executive Summary
Positioned along East 1st Street, this commercial property offers a compelling opportunity to acquire a well-located asset in the heart of Huxley, a growing community within the Ames metropolitan influence. The address benefits from proximity to local residential neighborhoods, community services, and established small businesses that support consistent daily traffic and long-term local demand. Huxley’s location between Des Moines and Ames continues to attract population growth tied to employment centers, education, and regional logistics.
The property’s frontage along a primary east-west corridor enhances visibility and accessibility for a range of commercial uses, from neighborhood-serving retail and service concepts to owner-user or small investor strategies. The surrounding area reflects a stable mix of residential density and community-oriented commerce, creating an environment well suited for businesses that value convenience, repeat visitation, and local brand recognition.
The property’s frontage along a primary east-west corridor enhances visibility and accessibility for a range of commercial uses, from neighborhood-serving retail and service concepts to owner-user or small investor strategies. The surrounding area reflects a stable mix of residential density and community-oriented commerce, creating an environment well suited for businesses that value convenience, repeat visitation, and local brand recognition.
Property Facts
| Price Per Unit | $84,811 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.03 AC |
| No. Units | 72 | Building Size | 44,428 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Low-Rise | ||
| Zoning | Residential | ||
| Price Per Unit | $84,811 CAD |
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.03 AC |
| Building Size | 44,428 SF |
| No. Stories | 2 |
| Year Built | 2020 |
| Zoning | Residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 32 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $573,753 CAD | |
| Land Assessment | $69,529 CAD | Total Assessment | $643,282 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$69,529 CAD
Improvements Assessment
$573,753 CAD
Total Assessment
$643,282 CAD
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