Goldfinch Growth expanding housing opportunities in Newton

With a housing shortage well documented in Newton, the addition of high-quality rental units is more than welcome to the community. Goldfinch Growth real estate firm is doing just that at The Chamberlain apartment building with four new residences.

An open house was held to view a remodeled unit at the building on Wednesday. To date, Goldfinch Growth, which is co-owned by Natalie Umsted and Bryan Friedman, has completed one unit at the complex. Umsted said the goal is to have all four ready for renters by early 2018.

“Our goal is to take some high quality rental housing and elevate it to premium rental housing in Newton,” Umsted said. “We have heard that is a need. We’re trying to fill that need.”

The building, located at 207 W. Third St. S., was built in 1966 by Curly and Lois Chamberlain as a place to spend their retirement. The apartments were designed to be large, high quality rentals when they were constructed in the sixties and were home to prominent individuals in town including retired executives, Umsted said.

“Our desire in acquiring the building is to bring it back to its original purpose — offering premium rentals to the Newton market,” Umsted said.

To fulfill this goal, Umsted and Friedman have made several upgrades to the building to modernize it and add character through personalized features. In the completed unit, new hardwood and tile flooring have been installed along with quartz countertops and new stainless steel appliances. Also, LED lighting, new light fixtures and additional cosmetic upgrades were completed.

“These changes compliment pre-existing qualities of the apartments including custom-made cabinetry and built-ins,1,200 square feet of living space and a convenient downtown location,” Umsted said.

The 2-bedroom units will be available for $1,100 per month with a year-long lease. Umsted said they are also open to shorter leases with slightly different terms.

“We’re excited to welcome a new business to the chamber and the community. It is a sure sign of economic growth in the community,” Newton Area Chamber of Commerce Executive Director Amanda Price said. “Also, we need more, better rentals for residents in Newton and this is a good way to add housing to the community and it is kind of neat because the people that own this business are one of our own.”

For more information about the units contact Goldfinch Growth at info@goldfinchgrowth.com or 515-802-6110.

Contact Jamee A. Pierson at 641-792-3121 ext. 6534 or jpierson@newotndailynews.com