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Water St - 222 Water Street | Cambridge, Iowa 6 Unit Apartment Building Offered at $1,100,000 Cambridge, IA 50046
EXECUTIVE SUMMARY
Cushman and Wakefield Iowa Commercial Advisors Exclusively Offers:
-This property includes 4 fully renovated residential units plus 2 street-level commercial spaces renovated in 2025 with complete upgrades throughout.
Residential Highlights:
- Each unit features brand-new kitchens and bathrooms, modern flooring, and in-unit washer/dryer.
- Independent HVAC systems in every unit ensure comfort and efficiency.
Commercial Potential:
- Ground floor spaces are ideal for retail, office, or service-oriented tenants.
Upgrades & Infrastructure:
- All mechanical, electrical, and plumbing systems were replaced during the remodel.
Location & Access:
- Located in a high-activity area with great accessibility.
- Approximate drive times: 16 minutes to Ames, 23 minutes to Ankeny.
-This property includes 4 fully renovated residential units plus 2 street-level commercial spaces renovated in 2025 with complete upgrades throughout.
Residential Highlights:
- Each unit features brand-new kitchens and bathrooms, modern flooring, and in-unit washer/dryer.
- Independent HVAC systems in every unit ensure comfort and efficiency.
Commercial Potential:
- Ground floor spaces are ideal for retail, office, or service-oriented tenants.
Upgrades & Infrastructure:
- All mechanical, electrical, and plumbing systems were replaced during the remodel.
Location & Access:
- Located in a high-activity area with great accessibility.
- Approximate drive times: 16 minutes to Ames, 23 minutes to Ankeny.
PROPERTY FACTS
| Price | $1,100,000 | Lot Size | 0.14 AC |
| Price Per Unit | $183,333 | Building Size | 6,554 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1914/2025 |
| Property Type | |||
| Zoning | Commercial | ||
| Price | $1,100,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | |
| Lot Size | 0.14 AC |
| Building Size | 6,554 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1914/2025 |
| Zoning | Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
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Water St - 222 Water Street | Cambridge, Iowa
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