HARMONY FOUR-PLEX

900 Harmony Street sits in the historic Lincoln–Fairview neighborhood, one of Council Bluffs’ oldest areas. Tree-lined brick streets and diverse architecture lend the area character, and its position on the loess hills provides views of downtown Council Bluffs and the Omaha skyline. A short walk brings you to the Historic 100 Block and downtown West Broadway, where locally owned bars, restaurants and shops host regular events and live entertainment. Nearby Bayliss Park offers a downtown green space with interactive fountains, public art sculptures and seasonal events including farmers markets and Winterfest. Outdoor recreation is abundant with Big Lake Park’s stocked fishing lakes, sports fields, playgrounds and the Iowa Riverfront Trail, while the Lewis & Clark Scenic Overlook in the loess hills offers panoramic vistas and hiking opportunities. Transportation is convenient with Kanesville Boulevard/West Broadway, Interstates 29 and 80, and public transit routes providing quick access to Omaha and surrounding areas. Essential services such as CHI Health Mercy hospital and Eppley Airfield are a short drive away, and the neighborhood is served by local schools. Community events like parades, bike nights and seasonal celebrations foster a close-knit atmosphere. Altogether, 900 Harmony Street offers historic charm, natural beauty, recreational amenities and easy access to urban conveniences, making it an appealing address for residents and visitors alike.This turnkey four-plex is ideal for an owner operator or an investor seeking a hassle free addition to their portfolio. The property includes two 2 bedroom/1 bath units and two 3 bedroom/1 bath unit. Each unit has its own washer and dryer. The interiors have been thoughtfully updated throughout, featuring fresh paint, luxury vinyl plank flooring, new carpet, and modern cabinetry. Kitchens boast new countertops and appliances, and the spacious layouts flow into fully renovated bathrooms showcasing new tubs, surrounds, vanities, and fixtures. Exterior improvements include a newer roof, gutters, and decks (installed in 2024), with siding replaced and painted in 2023. A two car detached garage serves the two rear units. The property is currently leased to a financially backed tenant providing disability care, at $5,900/month from April 1, 2025 through April 1, 2027, with the tenant responsible for all utilities. A stress tested pro forma places the net operating income at approximately $52,336, translating to an estimated 8.4% cap rate. If you’re looking for a cash flowing, turnkey investment with minimal expenses and secure long term tenancy, this four plex is an excellent opportunity.