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206 W Main Street, Clarinda, IA 51632
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$94,900
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Home Details for 206 W Main Street
Price
$94,900
Type
Commercial/Industrial
Year Build
1900
Lot Size
0.23
County
Page
Garage
1
Tax
$1,092
MLS®️ Listing#
6323216
On exitrealty.com
35 days
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.
- Heating Information
- Radiant
- Water Features
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- Utilities
- Heating Common
- Parking
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Listing courtesy: Thomas Realty - 712-542-6325. Presented by: Charles B Thomas
The information being provided is 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. Listing information provided courtesy of the Heart of Iowa MLS.
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$94,900
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EXIT REALTY NORTH STAR
1039 Sunset Dr., Norwalk, IA 50211