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Listed by Kayla McConnell RE/MAX Pride Ottumwa
$ 235,000
Est. payment /mo
Active
18 S 5Th ST Albia, IA 52531
5,208 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,208 sqft
Price per Sqft $45
MLS Listing ID NOC6339077
Maintenance Fees $1,000
Year Built 1974
Annual Tax Amount $2,246
Tax Year 2024
Lot Dimensions 132 x 66
Property Sub-Type Quadruplex
Property Description
Don't miss this excellent investment opportunity with this fully occupied 4-plex offering immediate rental income and long-term potential. The property features a desirable unit mix of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units, appealing to a wide range of tenants. Each unit is equipped with its own washer and dryer, adding convenience and increasing tenant satisfaction. With a strong rental history and consistent occupancy, this is an ideal property for both first-time investors and seasoned landlords looking to expand their portfolio. Tenants enjoy ample off-street parking and a spacious shared courtyard complete with a basketball hoop and picnic table, creating a welcoming outdoor space for recreation and relaxation. Whether you're looking to grow your investment holdings or secure a reliable income-producing property, this well-maintained 4-plex is a rare opportunity to own a proven income-producing asset.
Location
State IA
County Monroe
Area 5208
Direction Head E on Benton Ave, turn R onto 5th St--apartments are on the L.
Rooms
Basement Finished
Interior
Heating Baseboard
Fireplace No
Exterior
View Y/N true
Accessibility None
Building
Story 2
Sewer City Sewer/Connected
Water Public
Structure Type Brick,Stucco
Schools
School District 81 - Albia
Others
Energy Description Electric
Acceptable Financing NOC6339077
Listing Terms NOC6339077
NEARBY SCHOOL & BUSINESS