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118 W Elm St

Sigourney, IA 52591
  • $299,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 202402711
UPDATED: 76 min ago
$299,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1946
County:

School Information

Elementary School:
Middle School:
High School:

Description

Welcome to your next great investment opportunity! This exceptional property offers not just one, but two buildings on a single parcel, presenting a diverse income stream with minimal maintenance. Let's take a closer look: **Main Building:** - **5-Plex Configuration:** This spacious building boasts two levels of well-appointed living spaces. - **Main Level:** Two 2bed/1bath apartments provide comfortable accommodations for tenants. - **Upstairs:** Discover a 1bed/1bath unit alongside another 1bed/1bath unit containing an additional room, perfect use as an office for professionals or small businesses. - **Basement:** Housing on-site laundry facilities, ensuring convenience for all residents. Additionally, there's a studio apartment, ideal for renting out or for accommodating a live-in superintendent. **Features of the Main Building:** - **Renovation:** Fully renovated in 2021, ensuring modern amenities and aesthetic appeal throughout. - **Income Potential:** With a mix of unit sizes and configurations, this building offers versatile rental options to attract a wide range of tenants. - **Convenience:** On-site laundry facilities minimize tenant hassle while maximizing property appeal. - **Superintendent Suite:** The studio apartment can serve as a superintendent's suite, providing on-site management for added convenience and security. **Duplex:** - **Two-Unit Structure:** This duplex features an "over-under" layout, comprising two separate 2bed/1bath units. - **Spacious Living Areas:** Both units boast large kitchen and living spaces, promoting comfortable living for tenants. - **In-Unit Laundry:** Each unit includes its own washer and dryer, enhancing tenant convenience and attracting quality renters. **Additional Information:** - **Occupancy:** All units are currently occupied, providing immediate income potential for the new owner. (MINIMUM 24 HR NOTICE REQUIRED FOR SHOWINGS) - **Low Maintenance:** With recent renovations and in-unit laundry facilities, this property requires minimal upkeep, allowing you to focus on maximizing your investment returns. -**Parking** There is convenient off street parking available to all tenants. -**Convenience** Prime location located one block from the city square and 2 blocks from the local grocery. Whether you're a seasoned investor or entering the real estate market for the first time, this exceptional property presents an incredible opportunity to grow your portfolio and secure reliable income for years to come. Don't miss out on this chance to own a lucrative investment property with endless potential! One of the sellers is licensed to sell real estate in Iowa One seller is licensed to sell real estate in Iowa Active Tax abatement through county until 2027 Minimum 24 hour notice for showings. Please schedule all showings with the listing agent

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© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-06-16T17:26:11.933
www.gwenjohnson.com/homes/150411185
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118 W Elm St Sigourney, IA 52591

  • Price: $299,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 76 min ago
  • MLS #: 202402711
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1946
Built
Neighborhood:
Sgcos - Sigourney City/Si
County:
Keokuk
Area:
Washington Area
Elementary School:
Sigourney
Middle School:
Sigourney
High School:
Sigourney
Property Description
Welcome to your next great investment opportunity! This exceptional property offers not just one, but two buildings on a single parcel, presenting a diverse income stream with minimal maintenance. Let's take a closer look: **Main Building:** - **5-Plex Configuration:** This spacious building boasts two levels of well-appointed living spaces. - **Main Level:** Two 2bed/1bath apartments provide comfortable accommodations for tenants. - **Upstairs:** Discover a 1bed/1bath unit alongside another 1bed/1bath unit containing an additional room, perfect use as an office for professionals or small businesses. - **Basement:** Housing on-site laundry facilities, ensuring convenience for all residents. Additionally, there's a studio apartment, ideal for renting out or for accommodating a live-in superintendent. **Features of the Main Building:** - **Renovation:** Fully renovated in 2021, ensuring modern amenities and aesthetic appeal throughout. - **Income Potential:** With a mix of unit sizes and configurations, this building offers versatile rental options to attract a wide range of tenants. - **Convenience:** On-site laundry facilities minimize tenant hassle while maximizing property appeal. - **Superintendent Suite:** The studio apartment can serve as a superintendent's suite, providing on-site management for added convenience and security. **Duplex:** - **Two-Unit Structure:** This duplex features an "over-under" layout, comprising two separate 2bed/1bath units. - **Spacious Living Areas:** Both units boast large kitchen and living spaces, promoting comfortable living for tenants. - **In-Unit Laundry:** Each unit includes its own washer and dryer, enhancing tenant convenience and attracting quality renters. **Additional Information:** - **Occupancy:** All units are currently occupied, providing immediate income potential for the new owner. (MINIMUM 24 HR NOTICE REQUIRED FOR SHOWINGS) - **Low Maintenance:** With recent renovations and in-unit laundry facilities, this property requires minimal upkeep, allowing you to focus on maximizing your investment returns. -**Parking** There is convenient off street parking available to all tenants. -**Convenience** Prime location located one block from the city square and 2 blocks from the local grocery. Whether you're a seasoned investor or entering the real estate market for the first time, this exceptional property presents an incredible opportunity to grow your portfolio and secure reliable income for years to come. Don't miss out on this chance to own a lucrative investment property with endless potential! One of the sellers is licensed to sell real estate in Iowa One seller is licensed to sell real estate in Iowa Active Tax abatement through county until 2027 Minimum 24 hour notice for showings. Please schedule all showings with the listing agent
Exterior Features

Construction Materials AluminumSidingStuccoVinylConcreteBlocksSteelOtherFrameSeeRemarks Lot Size Dimensions 33x132 Parking Features OffStreet

Interior Features

Above Grade Finished Area 2048 Appliances RangeOrOvenRefrigeratorDryerWasher Basement SumpPumpPartialDaylightSeeRemarks Bathrooms Total Integer 1 Below Grade Finished Area 1316 Cooling WindowUnits Fireplace Features None Flooring WoodTileVinylLaminate Green Indoor Air Quality SmokeDetectorsCarbonMonoxideDetecors Heating ForcedAir Interior Features CableAvailable Laundry Features InBasementInKitchen

Property Features

Association Fee Text None Association YN No Auction Online Bid YN No Community Features SidewalksStreetLights Compensation Remarks 3 Electric Expense 660 Expiration Date 2024-11-10 Gas Annually 0 Green Verification YN No Gross Income 49500 Insurance Expense 2000 Listing Terms CashConventional Maintenance Expense 1200 New Construction YN No Operating Expense 9860 Possession Negotiable Property Sub Type MultiFamily Renting Allowed YN No Tax Annual Amount 1104 Tax Year 2022 Utilities CitySewerCityWater Water Sewer Expense 6000 Zoning Residential

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Mckenzee Gibson of Iowa Realty: 319-665-6000.



© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-06-16T17:26:11.933
 
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