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204 3Rd Street SW

Rake, IA 50465
  • $325,900
  • STATUS: Active
  • ON SITE: 128 Days
  • MLS #: 6319790
UPDATED: 79 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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© 2024 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: 2024-12-06T22:54:01.183.
www.janefischer.com/homes/153126210
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204 3Rd Street SW Rake, IA 50465

  • Price: $325,900
  • Status: Active
  • On Site: 128 Days
  • Updated: 79 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

Exterior Brick/Stone Lot Size Dimensions Non-uniform lot shape. 628'x233'x22'x103'x120'x75'x337' Parking Characteristics Driveway - Gravel Parking Open 12

Interior Features

Building Finished Sqft 5803 Foundation Size 5803 Heating Forced Air

Property Features

Accessible None Auction Yn No Available Utilities Electric CommonHeating Separate Current Use Commercial Fuel Natural Gas In Foreclosure No Lender Owned No Potential Short Sale No Potential Use None Sale Rent For Sale Sewer City Sewer/Connected Style Apartment Tax Year 2022 Taxes 2358 Water City Water/Connected Yearly Seasonal Yearly

Listing information © 2024 North Central Iowa MLS.
Listing provided courtesy of Bethanie Farus of 1st Choice Realty: 641-585-2404.



© 2024 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: 2024-12-06T22:54:01.183.
 
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Jane Fischer & Associates
1002 East State St. Suite B
Mason City IA, 50401