Commercial Sale For Sale

604 Main Street, Fairfield, Iowa 52556

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Property Description

Situated on a picturesque 3/4 acre lot in a well-established neighborhood, this east facing property appeals to investors looking for positive cash flow, as well as those who appreciate the character & charm of an older home ! Opportunity abounds as it’s currently set up as an income-generating 5-plex, or you could live in 1 unit while the other rentals pay your living expenses. Lovingly updated with a new exterior paint job, newer metal roof, plumbing & electrical upgrades, updated bathrooms to 4 of the 5 apts. & some updated kitchens. 1 of 5 units needs some finishing touches with a choice of flooring & kitchen details. Those searching for a project could turn this back into a glorious single-family home, as it once was. The property also features some of the most beautiful trees in town- a rarity which can’t be matched! See the amazing attic space begging to be turned into a stunning primary suite, ping pong room or flex space. 2 of the 5 apts. are rented with year leases. 3 garage spaces with a large area for additional off street parking. The tenants pay their own electric, but rent includes heat & water. Ask your agent for the income & expense sheet. The Principals of the LLC that owns the property are related to the listing agents. Tenants need 24 hours notice to show. Call for a viewing today!

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $269,000
Status : Active
Days On Market : 4
Year Built : 1900
Lot Area : 0.78 Acre
Features
Heating System : Hot water
Cooling System : Window Unit(s)
Basement : Full
Parking : 3
Water/Sewer : City Sewer/connected
Construction
Roof Deck : Metal
Style : Apartment
Flooring : Carpet, Vinyl
Other
Appliances : Dryer,electric Water Heater,range,refrigerator,washer
AssociationAmenities : Other
ParkingFeatures : Detached Garage,gravel
LotSizeSquareFeet : 33,976.80 Sqft
TaxAnnualAmount : $2,792
Utilities : Electric Separate
LotFeatures : Tree Coverage - Light
BuildingAreaTotal : 3,460 Sqft
Insurance Fee : $0
Taxes : $0
Listing Office Info
Listing ID : 6325610
List Office MLSID : 28797
List Office Name : Village Realty
List Agent Email : calljoanne@gmail.com
List Agent MLSID : 221439
Location
Street Number : 604
Street Suffix : Street
Street : Main
Country : US
State : IA
County : Jefferson
City : Fairfield
Zipcode : 52556
Longitude : W92° 2' 10.5''
Latitude : N41° 0' 5.3''
Parcel Number : 06-36-109-034
StreetDirPrefix : S
Directions : South on Main Street from the square. Go through the light at Madison, continuing on S. Main, and the property is the 6th house on the right.
Commercial Sale For Sale
  • Listing ID : 6325610
  • Lot Area : 0.78 Acre
  • Visits : 25 in 19 days
$269,000
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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