$149,500

5063 & 5087 Main

Oran IA, 50664

Description

This multi-family property will make a great addition to any investors portfolio. Good cash flow with 6 units bringing in $2,865/month. The property consists of a 5 unit apartment building, a 1 bedroom home and a 1,712 sq.ft. garage/storage building all on a large corner lot. The three main floor apartments each have 2 bedrooms, living room, kitchen, full bath and all share the basement with washer/dryer hookups. One 2nd floor apartment has 2 bedrooms with washer/dryer in the full bath. The other upstairs apartment is good size with 3 bedrooms, newer carpet and a stack washer/dryer in the full bath. The 1 bedroom, 1 bath, 560 sq.ft. rental house sits on its own parcel to the south of the 5-Plex. It has a full basement with washer/dryer hookups. Each tenant pays their own electric. Landlord pays gas, garbage, sewer and electric for the basement. Water is provided by a private well. Water softener plus iron curtain and brine injection system to prevent smells and rust are provided for 5-Plex and house both.

Details

MLS#20204498
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1912
Days On Site21

Features

SQ Feet4,176
Units6
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Area Information
StateIA
CountyFayette
CityOran
Zip Code50664
AreaFayette
Listing VS Median (in 50664)
Price:
$149,500
low | high
Med:
$149,500
50% of Average
SqFt:
4,176
low | high
Med:
4,176
50% of Average
$ / SqFt:
$36
low | high
Med:
$36
50% of Average
On Site:
21
low | high
Med:
21
100% of Average
Listing Updated: 09/24/2020
Curt Martin LogoMLS Number: 20204498
Listing Provided By:
Curt Martin  of  RE MAX Independence Realty