This is a landlord's dream! This is a 3-unit building consisting of a gorgeous one-bedroom, a two-bedroom, and a four-bedroom unit. Current monthly rental income is $3,415!! That doesn't include additional potential income from renting the attached garage! The property will be sold with a brand new rental certificate, ready for the new owner to sit back and rack up the rent! This is the first property off the South face of campus that Drake University does not own - huge opportunity! HUGE! This property has seen major improvements to the living spaces in the last five years, making them much more marketable and comfortable. Two units have recently rebuilt furnaces, located in the basement, and the other unit uses baseboard heat. The central water system uses one water heater that only costs about $38 a month to operate for the whole building, year round. 1-gig fiberoptic service to the property and super fast wifi is already installed, and the tenants love that! Parking available for 4 vehicles in back, and a driveway that can very comfortably fit 2 cars is available in the front. Owner is selling to move closer to family. No seller financing available. Serious inquiries only, please.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
