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In-PersonVirtual Tour
$ 645,000
Est. payment | /mo
7,687 SqFt
$ 645,000
Est. payment | /mo
7,687 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,687 sqft
Price per Sqft $83
MLS Listing ID QC4255612
Maintenance Fees $21,240
Year Built 1916
Annual Tax Amount $9,751
Lot Dimensions 120 x 140
Property Sub-Type Multi Family 5+
Property Description
An investment opportunity with 9 of the 17 units currently leased. The apartments are in nice condition and are ready to provide nice ROI for the owner. Many updates and improvements to this property since 2022: - Fire escape - Electrical outlets - Arc fault breakers - Electric service - Water lines - Flooring - All units recently painted - Baseboard heating - Appliances - Updated building exterior - Updated common area fire detection system - Units 1 - 5 completely refinished Landlord pays water, sewer and a trash dumpster for the entire property. Unit 1 has a gas furnace the landlord pays for and an electric heater the tenant pays for. A proforma showing financials when property is fully leased is available by request. Copy of recent property appraisal report is available by request
Location
State IA
County Clinton
Area Iowa - Clinton
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Dennis Lauver of Coldwell Banker Howes & Jefferies REALTORS
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