Commercial Sale For Sale

206 Main Street, Clarinda, Iowa 51632

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Property Description

This 7-plex apartment building for sale features a diverse mix of units, comprising 4 one-bedroom apartments and 3 studio apartments, making it an appealing investment opportunity. Nestled in a vibrant neighborhood, the building boasts a classic exterior with a welcoming entrance and is surrounded by local amenities, enhancing its attractiveness to potential renters. The interior of the building is functional, but it does require some work to maximize its potential. Updates such as modernizing the kitchens and bathrooms, improving flooring, and freshening up the paint can significantly boost the appeal of the units. Despite the needed renovations, the property currently generates a strong income, indicating a solid demand for rental housing in the area. The ideal buyer will appreciate the potential for increased rental income post-renovation. Additionally, the availability of owner financing provides a unique opportunity for investors, enabling them to purchase the property with more flexible terms than traditional financing. This combination of current income, renovation potential, and financing options makes this 7-plex a compelling investment for those looking to grow their real estate portfolio.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $94,900
Status : Active
Year Built : 1900
Lot Area : 0.23 Acre
Features
Heating System : Radiant
Parking : Yes
Water/Sewer : City Sewer/connected
Construction
Style : Apartment
Other
ParkingFeatures : Other
LotSizeSquareFeet : 10,018.80 Sqft
TaxAnnualAmount : $1,092
Utilities : Heating Common
Insurance Fee : $0
Taxes : $0
Listing Office Info
Listing ID : 6323216
List Office MLSID : 27871
List Office Name : Thomas Realty
List Agent Email : realtorchuck@yahoo.com
List Agent MLSID : 219245
Location
Street Number : 206
Street Suffix : Street
Street : Main
Country : US
State : IA
County : Page
City : Clarinda
Zipcode : 51632
Longitude : W96° 57' 37''
Latitude : N40° 44' 17''
Parcel Number : 0831152130000
StreetDirPrefix : W
Directions : turn w onto main street
Commercial Sale For Sale
  • Listing ID : 6323216
  • Lot Area : 0.23 Acre
  • Visits : 4 in 2 days
$94,900
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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