312 N 6th St, Adel, IA 50003

Turnkey, cash-flowing brick ranch-style six-plex multi-family apartment investment opportunity in the heart of Adel, IA. Fully occupied, extensively updated, and built for long-term performance. ?? THE PROPERTY This fully occupied, multifamily investment property offers strong in-place income, excellent tenant quality, and a highly desirable location in a growing bedroom community just minutes from Waukee and the Des Moines metro. It’s the ideal combination of unit mix, location, and low-maintenance ownership. Featuring 10 bedrooms and 6 bathrooms across six well-maintained units, the property includes four 2BR/1BA units (approximately 675 sq ft each) and two 1BR/1BA units (approximately 650 sq ft each). Tenants enjoy a quiet setting on a 0.58-acre lot backing directly to a city park and bike trail, contributing to strong retention and long-term demand. • 6-unit multifamily property • Four 2BR/1BA • Two 1BR/BA • On-site coin laundry • Ample off-street parking ?? INVESTMENT HIGHLIGHTS • 100% occupancy with strong tenant history • All leases extend through 2026–2027 • Low owner-paid expenses — tenants cover their own utilities • Minimal ongoing maintenance — true cash-flowing investment property ?? RECENTLY UPDATED Full interior remodel completed in 2022: new kitchen cabinets, appliances, flooring, paint, vanities, toilets, and light fixtures throughout. Current owner improvements include: • Two new high-efficiency HVAC systems (under manufacturer warranty) • All new gas water heaters across all six units • New commercial washer in shared laundry • Exterior landscaping and updates • Online automatic payment portal for ease of rent collection ?? THE LOCATION Backs directly to a city park and the Raccoon River Valley bike trail. Located in the highly rated ADM school district (ADM Senior High rated 10/10). Adel is a growing Des Moines bedroom community just minutes from Waukee and the metro, making this a highly desirable multifamily investment Adel IA with consistent rental demand. Assets like this—fully stabilized, updated, and easy to operate—rarely come available in this market. Whether you’re a first-time buyer or expanding your portfolio, this turnkey rental property offers immediate income and long-term upside. ?? For Sale By Owner. Schedule a tour today. Full investment packet with rent roll, financials, and property details available to qualified buyers upon request. Showings by appointment.