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204 3Rd Street SW

Rake, IA 50465
  • $299,900
  • STATUS: Active Under Contract
  • ON SITE: 500 Days
  • MLS #: 6319790
Under Contract
UPDATED: 70 min ago
$299,900
  • 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 as distributed by MLS Grid or Jane Fischer & Associates. Data last updated: 2025-12-14T20:54:05.393.

Based on information submitted to the MLS GRID as of 2025-12-14T20:54:05.393(date and time MLS Grid Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.janefischer.com/homes/153126210
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204 3Rd Street SW Rake, IA 50465

  • Price: $299,900
  • Status: Active Under Contract
  • On Site: 500 Days
  • Updated: 70 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

Construction Materials Brick 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 Property Sub Type Apartment 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 Public Yearly Seasonal Yearly

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



© 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 as distributed by MLS Grid or Jane Fischer & Associates. Data last updated: 2025-12-14T20:54:05.393.

Based on information submitted to the MLS GRID as of 2025-12-14T20:54:05.393(date and time MLS Grid Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Jane Fischer & Associates
1002 East State St. Suite B
Mason City IA, 50401