Remarkable and rare investment opportunity in the City of Presidents. This visible 2 story building is located on well-travelled main street and on a corner lot with plenty of exposure and a private parking area. Property is fully rented and ready for a new owner to enjoy the benefits of real estate investing and ownership. Nice diversification of commercial and residential. Popular restaurant franchise tenant on the main level with 2, 2-BR rented apartments on the upper level with laundry hookups. All brick building with aprox 6 year old roof. Outside basement access to allow for additional storage. Annual net income of $27,525 after taxes and insurance costs. Tenants pay all utilities. Franchise is not included or for sale. Owner of the property is a licensed Real Estate Agent. This will be one you want to see and add to your portfolio or a great property to get started in real estate investing. Buyers to be preapproved prior to showings.
Sold for $280,000
Zillow last checked:
Listing updated:
Bought with:
Troy Timmerman
Remax Advantage
Source: East Central Iowa AOR as distributed by MLS GRID,MLS#: 151281
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2025 | Sold | $280,000-2.6%$80/sqft |
Source:  East Central Iowa AOR as distributed by MLS GRID #151281 Report a problem | ||
| 2/5/2025 | Pending sale | $287,500$82/sqft |
Source: East Central Iowa AOR as distributed by MLS GRID #151281 Report a problem | ||
| 1/31/2025 | Listed for sale | $287,500$82/sqft |
Source: East Central Iowa AOR as distributed by MLS GRID #151281 Report a problem | ||
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