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Listed by Mark Hanwright Heartland Properties
$ 185,000
Est. payment | /mo
2,016 SqFt
$ 185,000
Est. payment | /mo
2,016 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $91
MLS Listing ID 26-1980
Year Built 1900
Property Sub-Type Quadruplex
Source Southwest Iowa Association of REALTORS®
Land Area 2016
Property Description
This built-as four-plex offers great income from day one and huge upside potential as well! The building features four efficiency apartments, two on each floor. Each unit is separately metered for gas and electricity, and all four of the four units are currently occupied with tenants paying $700/month! Currently the tenants are responsible to pay their own electricity, Landlord pays gas, water & trash. There is some deferred maintenance on the property, and the units certainly show their age, but for a savvy investor with some renovation know-how this property presents a fantastic opportunity to invest in some improvements and really make the property cash flow! The building is sold as-is.
Location
State IA
County Pottawattamie
Interior
Heating Natural Gas, Forced Air
Cooling Window Unit(s)
Appliance Refrigerator, Stove
Exterior
Roof Type Composition
Building
Story 2
Schools
Elementary Schools Bloomer
Middle Schools Gerald W Kirn
High Schools Abraham Lincoln