Sold for $633,000

$633,000

500 Pike St, Ridgeway, IA 52165

--beds

--baths

12,802sqft

Apartment

Built in 1972

-- sqft lot

$770,200 Zestimate^®

$49/sqft

$1,027 Estimated rent

Home value

$770,200

$647,000 - $893,000

$1,027/mo

Zestimate^® history

Owner options

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$1,027/mo

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$1,027/mo

Rent Zestimate^®

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$3,288/mo

Est. payment

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$3,288/mo

Est. payment

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What's special

Great investment opportunity! Three apartment buildings with a total of 18 units. The buildings have a total of 8 two bedroom and 10 one bedroom apartments. The apartments have exterior entrances and off-street parking. Coin operated laundry is located in each building. A lit sidewalk leads from the parking lots to each apartment. Ridgeway is a quiet rural community located in between Decorah and Cresco, Iowa, There is currently a housing shortage in the area. This fully occupied property has been well maintained and is ready for new owners. Financial information and appraisal available to qualified buyers with a signed NDA. West Building - Age: 1978 Square Footage: 5,264 Number of Apartments: 8 Center Building - Age: 1974 Square Footage: 3,377 Number of Apartments: 5 East Building - Age: 1972 Square Footage: 4,161 Number of Apartments: 5

Facts & features

Interior

Heating

Baseboard, Electric

Cooling

Wall Unit(s), Window Unit(s)

Appliances

Laundry: Laundry Closet

Features

Basement: Crawl Space

Interior area

Total structure area: 12,802
Total interior livable area: 12,802 sqft
Finished area above ground: 12,802
Finished area below ground: 0

Property

Parking

Total spaces: 10
Parking features: Parking Pad, Paved, None
Uncovered spaces: 10

Lot

Size: 2.21 Acres

Details

Has additional parcels: Yes
Parcel number: 092322700500
Zoning: R-3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Brick, Wood Siding
Roof: Asphalt

Condition

Year built: 1972

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate Meters

Community & HOA

Location

Region: Ridgeway

Financial & listing details

Price per square foot: $49/sqft
Tax assessed value: $791,270
Date on market: 9/6/2024
Cumulative days on market: 19 days
Lease term: Month To Month
Tenant pays: Electricity, Heat

Price history

Date	Event	Price
10/31/2024	Sold	$633,000-29.7%$49/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20244005 Report a problem
9/25/2024	Pending sale	$900,000$70/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20244005 Report a problem
9/6/2024	Listed for sale	$900,000$70/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20244005 Report a problem

Public tax history

Tax history is unavailable.

Neighborhood: 52165

Nearby homes

Nearby schools

GreatSchools rating

6/10
Crestwood Elementary School
Grades: K-4Distance: 8 mi
7/10
Crestwood Middle School
Grades: 5-8Distance: 8 mi
6/10
Crestwood High School
Grades: 9-12Distance: 8 mi

Schools provided by the listing agent

Elementary: Crestwood
Middle: Cresco
High: Cresco

Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.