204 3rd Street Sw, Rake, Iowa 50465

IA, Rake
$325,900
  • 1.74 Acre
  • Commercial Sale Property Type
  • 1970 Year Built
  • Active Status
Property Description
Turnkey 8-unit apartment with positive cashflow on Day 1 and additional upside. The deal includes two 4-unit buildings side-by-side on a 1.74 acre lot. All units have received recent updates including fresh paint, new flooring, and new plumbing. Many also have new kitchen cabinets and bathroom updates. Good tenants with in-house management in a nice, stable small town. Room for increasing rents without major updates. Call today for a showing!
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6319790
  • Price: $325,900
  • Year Built: 1970
  • Lot Area: 1.74 Acre
  • Status: Active
  • Office Name: 1st Choice Realty
Features
  • Heating System Forced Air
  • Parking Gravel
  • Architectural Style Apartment
  • Sewer City Sewer/Connected
  • Utilities Electric Common,Heating Separate
Address Map
  • Country US
  • State IA
  • County Winnebago
  • City Rake
  • Zipcode 50465
  • Street: 3Rd
  • Street Number: 204
  • Street Suffix: Street
  • Longitude: W94° 4' 37''
  • Latitude: N43° 28' 57.1''
  • Directions: 3rd St SW is gravel off of Grace St. Apartments on West side of 3rd St SW.
  • Street Dir Suffix: SW
Additional Information
  • Accessibility Features: None
  • Construction Materials: Brick/Stone
  • Current Use: Commercial
  • Lot Size Dimensions: Non-uniform lot shape. 628'x233'x22'x103'x120'x75'x337'
  • Number Of Units Total: 8
  • Possible Use: None
  • Previous Price: 325900
  • Water Source: City Water/Connected
Financial
  • Tax Annual Amount: 2358
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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