Income-producing 4-plex for sale by owner in Greenfield, Iowa. This property is 2976 square feet and includes four 2 bedroom, 1 bath apartments and a common area with laundry facilities. Many updates including new windows 2012/2013, new roof 2022, and two units fully remodeled with brand new bathrooms and kitchens in 2022/2023. All units have hardwood floors everywhere but kitchens and bathrooms. There is off-street parking for 2 cars/unit and a large yard. Nice clean, quiet neighborhood. All units are currently rented to excellent tenants that pay on time. I always have multiple qualified tenants anytime there is a vacancy. Current gross rental income per month is $2625 ($575-750/unit). Annual taxes are $1778. Asking $239,900. SERIOUS INQUIRIES ONLY. No sales on contract. Property would qualify for a DSCR loan (no personal income verification or DTI ratio considered, loan amount is based solely off property’s rental income). I can refer you to a lender willing to provide this financing on this property if needed.
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