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$ 120,000
Est. payment | /mo
6 Beds
2,819 SqFt
$ 120,000
Est. payment | /mo
6 Beds
2,819 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,819 sqft
Price per Sqft $42
MLS Listing ID 744210
Style Ranch
Bedrooms 6
HOA Y/N No
Annual Tax Amount $980
Property Description
Excellent investment opportunity with immediate lease-up potential! This fully vacant fourplex features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, allowing the new owner to lease at current market rents from day one. Major capital improvements include a new steel commercial roof, durable brick exterior in excellent condition, and newer flooring throughout all four units, helping minimize future maintenance costs. Each unit is separately metered with its own electrical breaker panel, while water is on a single meter and included in the rent for simplified management. A fifth shared laundry room provides an additional amenity for tenants and offers potential for supplemental income with coin-operated or app-based laundry equipment. Whether you're looking to expand your portfolio or complete a value-add lease-up, this property offers a solid foundation with strong income-producing potential.
Location
State IA
County Cerro Gordo
Area Meservey
Zoning R-4
Rooms
Basement Unfinished
Interior
Heating Electric, Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Water Available
Roof Type Metal
Private Pool No
Building
Lot Description Corner Lot
Foundation Brick/Mortar
Schools
School District Central Springs
Others
Tax ID 133235500200
Monthly Total Fees $81
Acceptable Financing Cash, Conventional, Contract, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, Contract, FHA, USDA Loan, VA Loan
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Listed by EXP Realty, LLC
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Brenda Zobel-Moody