809-811 9th Ave E, Spencer, IA 51301

809 & 811 9th Avenue East is an established duplex featuring two 1 bed, 1 bath units with long-term tenants already in place. Each unit offers 344 square feet of efficient living space. Together, the units generate $1,200/month in total rent. Each unit includes a stove, refrigerator, window AC unit and electric baseboard heat. The landlord is responsible for utilities, lawn care, and snow removal, with combined utility costs averaging approximately $243.47. The exterior was recently painted to enhance curb appeal. The property also includes a small storage addition on the back along with 3+ off-street parking spaces. It is conveniently located near the Middle School, soccer complex and ball fields. This straightforward investment opportunity is well-suited for a first-time investor or as a simple addition to an existing portfolio.