$175,000
$199,900
12.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4,850 SqFt
SOLD DATE : 04/04/2025
Key Details
Sold Price $175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $36
MLS Listing ID 710826
Sold Date 04/04/25
Style Two Story
Bedrooms 8
HOA Y/N No
Year Built 1911
Annual Tax Amount $3,404
Lot Size 0.370 Acres
Acres 0.37
Property Description
Investors take a look at this 6plex with 4850 sf of living space. Along with this property comes 3 stall detached garage for room to add rents for the garage space. On site laundry. Long term tenants. An extra lot has been purchased and added with this property. Sitting on the extra lot is a $75,000 solar system that comes with the property making the average electric bill a month, only $20! This property has a newer roof, added solar, interior remodel, added driveway, added lot, and a whole lead remediation has been completed. With room to raise rents this value add purchase can make this a great investment to add to your portfolio. This property is bringing in monthly $5400, annually $46,020. With room to raise rents. Cap rate is %15. Call today to schedule your appointment at this very profitable investment opportunity. 48 hour notice required prior to showing. All information obtained from seller and public records.
Location
State IA
County Marshall
Area Marshalltown
Zoning T-Res
Rooms
Basement Finished
Interior
Interior Features See Remarks
Heating See Remarks
Cooling Window Unit(s)
Fireplace No
Laundry Main Level
Exterior
Parking Features Detached, Garage, Three Car Garage
Garage Spaces 3.0
Garage Description 3.0
Utilities Available Electricity Available, Water Available
Roof Type Asphalt,Shingle
Private Pool No
Building
Lot Description Rectangular Lot
Entry Level Two
Foundation Stone
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Marshalltown
Others
Tax ID 841826356014
Monthly Total Fees $283
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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