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$ 150,000
Est. payment | /mo
2,361 SqFt
$ 150,000
Est. payment | /mo
2,361 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,361 sqft
Price per Sqft $63
MLS Listing ID 2607588
HOA Y/N No
Total Fin. Sqft 2361
Year Built 1904
Annual Tax Amount $2,332
Lot Size 7,013 Sqft
Acres 0.161
Property Sub-Type Multi Family
Property Description
A great opportunity to add to your investment portfolio! This fully leased fourplex offers an attractive cap rate and an annual NOI of over $20,000. The property features two one-bedroom units, two efficiency units, and a large garage that is leased separately. All four units are currently occupied with month-to-month leases, providing flexibility for the next owner. Current monthly rents are $600, $700, $700, and $795, with an additional $100 per month for the garage. Utilities are collectively metered and currently paid by the landlord. All showings require a minimum of 48 hours' notice.
Location
State IA
County Linn
Area Nw Quadrant
Rooms
Basement Partial
Interior
Interior Features InteriorFeatures
Heating Hot Water
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Wood Siding
Schools
Elementary Schools Cleveland
Middle Schools Roosevelt
High Schools Jefferson
Others
Tax ID 142928301500000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Realty87
NEARBY SCHOOL & BUSINESS