18 S 5th Street, Albia, Iowa 52531

IA, Albia
$235,000
  • 5,208 Sqft
  • Residential Income Property Type
  • 1974 Year Built
  • Active Status
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.
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 6339077
  • Price: $235,000
  • Square Footage: 5,208 Sqft
  • Year Built: 1974
  • Status: Active
  • Office Name: RE/MAX Pride Ottumwa
  • Agent Name: Kayla McConnell
  • Property Sub Type: Quadruplex
Features
  • Heating System Baseboard
  • Basement Finished
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State IA
  • County Monroe
  • City Albia
  • Zipcode 52531
  • Street: 5Th
  • Street Number: 18
  • Street Suffix: Street
  • Longitude: W93° 11' 51.4''
  • Latitude: N41° 1' 35.6''
  • Directions: Head E on Benton Ave, turn R onto 5th St--apartments are on the L.
  • Street Dir Prefix: S
Additional Information
  • Accessibility Features: None
  • Construction Materials: Brick,Stucco
  • Lot Size Dimensions: 132 x 66
  • Number Of Units Total: 4
  • Previous Price: 250000
  • Stories: 2
  • Water Source: Public
Financial
  • Tax Annual Amount: 2246
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