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Key Details
Sold Price $617,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mynster Addition
MLS Listing ID 22112040
Sold Date 12/21/21
Construction Status Not New and NOT a Model
HOA Y/N No
Year Built 1921
Annual Tax Amount $8,155
Tax Year 2019
Property Description
Great cash flowing investment property ready for a new owner. Completely brick 16 unit with a full basement, producing $127,000 in income annually with a 10% cap rate! The building has a new flat roof last year that comes with a 30 year transferable warranty. 14 units have new LVT floors, newer appliances, and fresh paint. It is completely separately metered, has an updated fire sprinkler system, and newly updated electrical. Plenty of room to add equity and make improvements! The basement is completely unfinished and ready for a storage facility or laundry area or whatever creative idea you have to turn it into! Call today to setup your showing. Or come to the prescheduled showing times, Saturday June 5th from 11am-1pm and Sunday June 6th from 1-2!
Location
State IA
Area Pottawattamie
Interior
Heating Radiant
Appliance Range, Refrigerator
Heat Source None
Exterior
Exterior Feature Porch
Garage None
Fence None
Building
Lot Description Up to 1/4 Acre.
Foundation Brick/Mortar
Lot Size Range Up to 1/4 Acre.
Sewer Public Sewer, Public Water
Water Public Sewer, Public Water
Construction Status Not New and NOT a Model
Schools
Elementary Schools Washington
Middle Schools Gerald W Kirn
High Schools Abraham Lincoln
School District Council Bluffs
Others
Tax ID 754425451003 754425383008
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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