604 S Main Street, Fairfield, Iowa 52556

IA, Fairfield
$269,000
  • 0.78 Acre
  • Commercial Sale Property Type
  • 1900 Year Built
  • Active Status
Property Description
Situated on a picturesque 3/4 acre lot in a well-established neighborhood, this east facing property appeals to investors looking for positive cash flow, as well as those who appreciate the character & charm of an older home ! Opportunity abounds as it’s currently set up as an income-generating 5-plex, or you could live in 1 unit while the other rentals pay your living expenses. Lovingly updated with a new exterior paint job, newer metal roof, plumbing & electrical upgrades, updated bathrooms to 4 of the 5 apts. & some updated kitchens. 1 of 5 units needs some finishing touches with a choice of flooring & kitchen details. Those searching for a project could turn this back into a glorious single-family home, as it once was. The property also features some of the most beautiful trees in town- a rarity which can’t be matched! See the amazing attic space begging to be turned into a stunning primary suite, ping pong room or flex space. 2 of the 5 apts. are rented with year leases. 3 garage spaces with a large area for additional off street parking. The tenants pay their own electric, but rent includes heat & water. Ask your agent for the income & expense sheet. The Principals of the LLC that owns the property are related to the listing agents. Tenants need 24 hours notice to show. Call for a viewing today!
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6325610
  • Price: $269,000
  • Year Built: 1900
  • Lot Area: 0.78 Acre
  • Status: Active
  • Office Name: Village Realty
  • Roof: Metal
Farm Details
  • Land Features: Tree Coverage - Light
Features
  • Heating System Hot Water
  • Cooling System Window Unit(s)
  • Basement Full
  • Parking Gravel,Detached Garage
  • Architectural Style Apartment
  • Flooring Carpet,Vinyl
  • Sewer City Sewer/Connected
  • Utilities Electric Separate
Appliances
  • Range
  • Refrigerator
  • Washer
  • Dryer
  • Electric Water Heater
Address Map
  • Country US
  • State IA
  • County Jefferson
  • City Fairfield
  • Zipcode 52556
  • Street: Main
  • Street Number: 604
  • Street Suffix: Street
  • Longitude: W92° 2' 10.5''
  • Latitude: N41° 0' 5.3''
  • Directions: South on Main Street from the square. Go through the light at Madison, continuing on S. Main, and the property is the 6th house on the right.
  • Street Dir Prefix: S
Additional Information
  • Accessibility Features: None
  • Association Amenities: Other
  • Building Size: 3460
  • Construction Materials: Wood
  • Current Use: Residential
  • Garage: 3
  • Lot Features: Tree Coverage - Light
  • Lot Size Dimensions: 100X339
  • Number Of Units Total: 5
  • Possible Use: None
  • Previous Price: 269000
  • Water Source: City Water/Connected,Shared System
Financial
  • Tax Annual Amount: 2792
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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