17 W 4th ST, Atlantic, IA 50022
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17 W 4th ST, Atlantic, IA 50022
17 W 4th ST, Atlantic, IA 50022
17 W 4th ST, Atlantic, IA 50022
17 W 4th ST, Atlantic, IA 50022
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Amber Lesnick

Amber Lesnick

+1(515) 229-3402
Listed by Tracey Armentrout Audubon Real Estate
$ 540,000
Est. payment /mo
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17 W 4th ST Atlantic, IA 50022

UPDATED:

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID NOC6335998

Year Built 1940

Annual Tax Amount $3,536

Tax Year 2024

Lot Dimensions 100x70

Property Sub-Type Apartment

Property Description

Investment opportunity in Atlantic, IA! This 2-story commercial building features 11 apartment units with strong income potential and value-add opportunity. The property includes 8 one-bedroom units, 2 two-bedroom units, and 1 three-bedroom unit, offering a versatile unit mix to attract a variety of tenants. Currently, 5 units are occupied, 3 units are rent-ready, and 3 units are in the process of being remodeled—providing immediate income with room to increase cash flow. Vacant units have received updates including fresh paint, new flooring, and general maintenance improvements. Hallways are also being refreshed with new paint and linoleum flooring, enhancing overall appeal. All apartments include a kitchen refrigerator and stove. Some units share heat while others have separate systems. There is no central air; certain units have window A/C units, and others require tenant-supplied cooling. Whether you're looking to expand your portfolio or step into multifamily investing, this property offers strong potential with ongoing improvements already underway. A great business venture with opportunity to build equity and increase returns!

Location

State IA

County Cass

Zoning Residential-Multi-Family

Direction From HWY 6 thru Atlantic, turn onto Poplar St. In 0.2 miles, turn onto W 4th St. & the property is the second building on the right.

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling Window Unit(s)

Flooring Carpet, Vinyl

Appliance Range, Refrigerator

Exterior

Parking Features Additional Parking, On Street

Utilities Available Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate

View Y/N true

Roof Type Rubber

Accessibility None

Road Frontage City Street

Total Parking Spaces 12

Building

Sewer City Sewer/Connected

Water Public

Structure Type Brick

Schools

School District 387 - Atlantic

Others

Energy Description Electric,Natural Gas

Acceptable Financing NOC6335998

Listing Terms NOC6335998

NEARBY SCHOOL & BUSINESS

Amber Lesnick

Amber Lesnick

Managing Broker/Owner

+1(515) 229-3402

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17 W 4th ST