$149,900

302-306 1/2 1st St. S.e.

Oelwein IA, 50662

Description

This brick multi-family unit will make a great addition to any investors portfolio. Good cash flow with 5 units bringing in $2,200/month. All apartments are currently occupied with leases. The main floor offers three-1 bedroom apartments with each having a kitchen, living room, full bath, basement storage and washer/dryer hookups. There are two-2 bedroom apartments on the second floor with each featuring a spacious kitchen, living room, 1.5 baths, central air and washer/dryer hookups. All apartments are metered separately and tenants pay their own utilities. Landlord pays garbage only. Sitting prominently on a corner lot with off-street parking and a one-stall attached garage.

Details

MLS#20180546
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1909
Days On Site779

Features

SQ Feet5,276
Units5

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Area Information

StateIA
CountyFayette
CityOelwein
Zip Code50662
AreaFayette
Listing VS Median (in 50662)
Price:
$149,900
low | high
Med:
$97,000
85.290193462308% of Average
SqFt:
5,276
low | high
Med:
2,816
96.626231993935% of Average
$ / SqFt:
$28
low | high
Med:
$34
28.76103008066% of Average
On Site:
779
low | high
Med:
220
100% of Average
Listing Updated: 05/29/2020
MLS Number: 20180546
Listing Provided By:
Curt Martin  of  RE MAX Independence Realty