Jim Horstman
Your Full Time, Full Service Real Estate Advisor
REALTOR®, ABR, CRS, SRS, SRES, CNE, MCNE
(515) 720-7859
Property Description
ONLINE ONLY AUCTION ? ? Online-Only Bidding: register at www.bidheritage.hibid.com ? Offering: All 15 condo units as (1) portfolio package ? Online Bidding Ends: April 30th at 6:00 PM (CT) The Jewel Condominiums, a second-level multifamily development located directly across from the courthouse. Offering includes 15 deeded condo units (11 one-bedroom, 4 efficiency) Ten units are nearly complete while five units are taken to the studs and ready for finishing. Common areas have been updated, and a new roof was installed in 2025. Property features elevator access, two secured entrances (1st Ave & 1st St), city water/sewer, electric heat, and central A/C. Project is currently vacant, providing flexibility for an investor to complete construction and implement a lease-up or resale strategy. Strong small-market rental demand and walkable downtown location enhance long-term potential. It is highly encouraged that prospective bidders tour the property and conduct their own assessment, prior to bidding. The Property will be open for preview on the following dates. ? Saturday, April 11th at 10:00am to 12:00pm (CST) ? Saturday, April 25th at 10:00am to 12:00pm (CST) To arrange a private tour of the property, please contact listing agent. All information is believed to be accurate but not guaranteed. Buyers should conduct their own due diligence and personally inspect the property prior to bidding. Property is being offered at auction in As Is condition.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric, Forced Air
Taxes: $7,552
Year Built: 1900
Feature Descriptions
Days on Site: 4
Exterior: Brick
HOA Fee: 12250/ Annually
Parcel#: 0834142001
Sewer: Public Sewer
Units: 15
Water: Public
Local Schools
School District: Newton
Listed By / Shown By
Listed By
Agency Name: Agency Iowa
Agency Phone: (515) 877-4692
Shown By
Agent Name: Jim Horstman
Agent Phone: (515) 720-7859
Agency Title: Hunziker & Associates, REALTORS
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104 1st Avenue E, Unit 1 | MLS# 737444
This multi-family property located at 104 1st Avenue E, Unit 1, Newton, IA 50208 is currently listed for sale with an asking price of call for price. 1st Avenue E, Unit 1 is located within the Newton school district. Search Newton real estate on www.jimsellscentraliowa.com today.