439 States Dr, Postville, IA 52162

The subject consists of four 12-unit apartment complexes located in Postville, Iowa, at well as 18 additional developable acres allowing for another 48 units. The existing apartment buildings sit on roughly 2.5 acres of land, zoned R-2 Residential. Each building is three stories, and wood framed with pitched roofs. The buildings were constructed in 2006, and there have been some recent renovations, including a new roof for the 210 and 220 building, as well as new windows installed in 210 & 220 in mid-2018. The buildings are in excellent condition. There is also an additional 17 acres of land included in the sale which is stubbed with water and sewer to build an additional 48 units, as well as 4 single family lots south of the existing improvements. Postville's growth during the last 15 years has been due to the presence of two large meat processing plants, Agriprocessors and Iowa Turkey Products. Agriprocessors, the kosher meat plant is the largest of its type in the world.