1735 Central Avenue | MLS #152979

Listing provided courtesy of Remax AdvantageMLS# 152979

Investor Alert! Fully rented mixed use brick income property with one commercial space and four residential apartments. This is a well maintained and updated property that any investor should be proud to own. Commercial space address is 1735 Central Ave. Apartments are (3) 1 Bedroom, (1) 2 Bedroom and addresses are 1736 Heeb St #1 and #2 and 1738 Heeb St. #1 and #2. There are 5 electrical services, 5 water meters, and 2 gas meters. Commercial tenant pays $950 month rent and all utilities and has gas forced air furnace and central air. Apartment rents are $850, $675, $800, $800 and tenants pay own electrical, water, sewer, and garbage. Owner pays residential units gas and heat which is served by a hot water boiler. There are washer and dryer hookups in the apartments, tall ceilings on all floors, and a full basement. New roof installed 2026. Free on street parking behind the building on Heeb St and on street metered parking in front.

Source: East Central Iowa MLS, MLS#: 152979

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Property Type

Residential Income

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RE/MAX Central - Company Site
RE/MAX Central
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1735 Central Avenue

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value	Agent
5/6/2026Source: East Central Iowa MLS	Added to Database	September 12, 2025	Dave Sandman Listing Agent
5/6/2026Source: East Central Iowa MLS	Added to Database	September 12, 2025	Dave Sandman Listing Agent