Commercial Sale For Sale

204 3Rd Street, Rake, Iowa 50465

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Property Description

Turnkey 8-unit apartment with positive cashflow on Day 1 and additional upside. The deal includes two 4-unit buildings side-by-side on a 1.74 acre lot. All units have received recent updates including fresh paint, new flooring, and new plumbing. Many also have new kitchen cabinets and bathroom updates. Good tenants with in-house management in a nice, stable small town. Room for increasing rents without major updates. Call today for a showing!

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $325,900
Status : Active
Days On Market : 16
Year Built : 1970
Lot Area : 1.74 Acre
Features
Heating System : Forced air
Water/Sewer : City Sewer/connected
Construction
Style : Apartment
Other
ParkingFeatures : Gravel
LotSizeSquareFeet : 75,794.40 Sqft
TaxAnnualAmount : $2,358
Utilities : Electric Common,heating Separate
Insurance Fee : $0
Taxes : $0
Listing Office Info
Listing ID : 6319790
List Office MLSID : 29208
List Office Name : 1st Choice Realty
List Agent Email : bethanie@fcrealty.com
List Agent MLSID : 222650
Location
Street Number : 204
Street Suffix : Street
Street : 3Rd
Country : US
State : IA
County : Winnebago
City : Rake
Zipcode : 50465
Longitude : W94° 4' 37''
Latitude : N43° 28' 57.1''
Parcel Number : 0116177001
StreetDirSuffix : SW
Directions : 3rd St SW is gravel off of Grace St. Apartments on West side of 3rd St SW.
Commercial Sale For Sale
  • Listing ID : 6319790
  • Lot Area : 1.74 Acre
  • Visits : 4 in 69 days
$325,900
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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