Platt Park Apartment Homes
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Location
MMG Real Estate Advisors is proud to exclusively offer Platt Park Apartment Homes—an 8-unit multifamily property located in Oelwein, Iowa, the largest city in Fayette County. This community features spacious two-bedroom, garden-style apartments set in a quiet residential area within walking distance to local shops and businesses. Surrounded by mature landscaping and well-kept grounds, the property offers a peaceful, nature-filled environment while remaining close to everyday conveniences like grocery stores, schools, parks, dining, and entertainment.
Platt Park Apartment Homes will be delivered free and clear of existing debt. Additionally, the seller is offering two nearby properties—located within approximately one mile—with 57 and 36 units, respectively, creating an excellent opportunity for portfolio expansion.
- Prime Location Next to Major City Park
- Well-Maintained Property with Recent Upgrades
- Stabilized Asset with Room for Rent Increases and Value-Add Potential
- Additional Income Opportunity by Leasing Garage Spaces
- Located in a High-Demand, Low-Supply Submarket
- Ideal for Portfolio Expansion and Scalability