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Executive Summary

This is a sale by owner with no debt. In great condition, remodeled 5 years ago. New exterior and all interiors are in first-class condition. Vinyl plank flooring throughout, granite countertops, and open floor plans. New private patios and green landscaping.100% occupancy for the 7 years that I owned it, with only two months when rent was not collected during a tenant transition. The location is Ideal near the hospital for convenient staff residence and near the major highway, 1.5 miles to the center of town. Ideal for 1031 Exchange. The owner will include the 3.3 R3-zoned adjacent property for future development.2065 1/2 Libertyville Road.

Attachments

Comps for Apartments in Iowa

Taxes & Operating Expenses (Actual - 2025)

Annual (CAD)
Gross Rental Income $146,332
Other Income -
Vacancy Loss -
Effective Gross Income $146,332
Taxes $13,869
Operating Expenses $12,786
Total Expenses $26,655
Net Operating Income $119,677

Taxes & Operating Expenses (Actual - 2025)

Gross Rental Income (CAD)
Annual $146,332
Other Income (CAD)
Annual -
Vacancy Loss (CAD)
Annual -
Effective Gross Income (CAD)
Annual $146,332
Taxes (CAD)
Annual $13,869
Operating Expenses (CAD)
Annual $12,786
Total Expenses (CAD)
Annual $26,655
Net Operating Income (CAD)
Annual $119,677

Property Facts

Price $1,271,526 CAD
Price / SF $146.15 CAD / SF
Cap Rate 9.41%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 8,700 SF
Total Land Area 0.76 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2067 Libertyville Rd, Fairfield, IA 52556 Multifamily 5,300 SF 1989 -
2065 Libertyville Rd, Fairfield, IA 52556 Multifamily 3,400 SF - -
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  • Listing ID: 40636821

  • Date on Market: 2026-05-22

  • Last Updated:

  • Address: Libertyville Road, Fairfield, IA

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