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204 3Rd Street SW

Rake, IA 50465
  • $325,900
  • STATUS: Active
  • ON SITE: 261 Days
  • MLS #: 6319790
UPDATED: 38 min ago
$325,900
  • 0
    BEDS
  • 1.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

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!

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© 2025 North Central Iowa MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Jane Fischer & Associates. Data last updated: 2025-04-19T19:54:03.54.
www.janefischer.com/homes/153126210
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204 3Rd Street SW Rake, IA 50465

  • Price: $325,900
  • Status: Active
  • On Site: 261 Days
  • Updated: 38 min ago
  • MLS #: 6319790
0
Beds
0
Baths
0
½ Baths
1.74
Acres
1970
Built
County:
Winnebago
Area:
Rake
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!
Exterior Features

Architectural Style Apartment Construction Materials Brick/Stone Open Parking Spaces 12 Parking Features Gravel

Interior Features

Heating Forced Air

Property Features

Accessibility Features None Auction YN No Contingency None Current Use Commercial Fractional Ownership 0 Fuel Natural Gas Homestead Description None In Foreclosure No Lot Size Dimensions Non-uniform lot shape. 628'x233'x22'x103'x120'x75'x337' Net Taxes 2358 Possible Use None Sewer City Sewer/Connected Tax Annual Amount 2358 Tax Legal Description 16 100 26 COM AT CENTER OF 16 100 26 TH N ALONG N-S1/4 OF SEC LINE 684.6' TH W 140' TO. Winnebago County Parcel #0116177001. Tax Year 2022 Utilities Electric CommonHeating Separate Water Source City Water/Connected Yearly Seasonal Yearly

Listing information © 2025 North Central Iowa MLS.
Listing provided courtesy of Bethanie Farus of 1st Choice Realty: 641-585-2404.



© 2025 North Central Iowa MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Jane Fischer & Associates. Data last updated: 2025-04-19T19:54:03.54.
 
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Jane Fischer & Associates
1002 East State St. Suite B
Mason City IA, 50401