420 Water Street Center Point, IA 52213
Hard to find 8 plex in Center Point IA. This property has one large 2 bedroom unit, three regular 2 bedroom units, and four 1 bedroom units. It also has a 1 stall garage. This building has great rental history. Tenants have been long term and the owner-manager has done a very good job placing tenants. Currently all but one apartment are occupied and the final apartment is undergoing renovations. Tons of updates and Capex improvements have been made by the current owner. This includes new kitchens, bathrooms, fixtures, etc. There is a laundry room on site that is plumbed and wired for two washers and two dryers. The owner was planning on installing a Shinepay/Smart Coin Box type system. Between the below market rents and the laundry addition this property has plenty of room to increase monthly income!"
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLinn
- Taxes$4,635
- HOA/Condo/Coop Fees$0
- Days on Site15 Days
- MLS StatusActive
- MLS ID Number2403461
- Home Size Source N/A
- Year Built1948
- Lot Size0.579 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Frame
- Sewer Public Sewer
- Acreage 0.579
- Water Public
- Property Sub Type Multi Family
Interior Features
- Interior Storage
Community Features
- MLS Area OT-E (East of I-380)