309 E Main Street
Decorah,
IA
52101
Property Details
List Price: |
$240,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
2664 |
Agency: |
Sweeney Real Estate |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1890 |
Notes: |
Invest in income producing assets! This 4 plex is an excellent opportunity to reap the rewards of capital accumulation with relatively low risk. Great location one a corner lot only blocks from downtown. Unit 1: 2 bedroom $634/month, 16 year resident with 1 car detached garage. Unit 2: recently updates, vacant, advertised at $750/month Unit 3: recent updates, vacant, advertised at $750/month Unit 4: Studio/1 bedroom, long term resident, $535/month Landlord pays gas, water, sewer, garbage, each apartment electric is metered separately. Updated gas boiler heat. Coin opp laundry in the basement. Annual PRI $32,028. For the price of single family homes in Decorah, this is a bargain. Excellent opportunity to start out building wealth by living in one of the apartments while the mortgage is paid for by the other rent income. 24 hour notice and financial commitment letter required prior to showings. Some 3rd party sites may not get your inquiry request through to the correct agent, reach out to an agent directly for more information. Call today for a consultation on how to make this work for you! |
MlsNumber: |
20241353 |
Estimate Your Monthly Payment
Listing Provided By: |
Sweeney Real Estate, original listing |
Name: |
Sweeney Real Estate |
Phone: |
(563) 568-4170 |
Office Name: |
Sweeney Real Estate |
Office Phone: |
(563) 568-4170 |
Agent Name: |
John Sweeney |
Disclaimer: |
Copyright © 2024 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |