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    551 State St.

    Tiffin, IA 52340
    • $2,303,000
    • STATUS: Active
    • ON SITE: 73 days
    • MLS #: 202006584
    UPDATED: 33 min ago
    $2,303,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Willow Ridge
    Type:
    Multi-Family
    Built:
    2016
    County:
    Johnson
    Area:
    Nw Quadrant

    School Information

    Elementary School:
    Clear Creek
    Middle School:
    Clear Creek
    High School:
    Clear Creek
    School Ratings & Info

    Description

    Rare opportunity to invest in a newer multi-family commercial building in Tiffin! 11 apartments all separated as condominiums. 9, 2 bedroom condos and 2, 3 bedroom condos. Building includes 4 commercial spaces of 1000 sq ft each. Great tax free exchange opportunity or house your commercial business with extra apartment income! This building can be purchased along with 591 State St. Perfect 1031 Tax Free Exchange opportunity! 1 owner is a licensed Realtor in the State of Iowa.

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    © 2021 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. Data last updated: 2021-01-22T10:25:48.557
    www.gwenjohnson.com/homes/111720704
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    551 State St. Tiffin, IA 52340

    • Price: $2,303,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 202006584
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2016
    Built
    Neighborhood:
    Willow Ridge
    County:
    Johnson
    Area:
    Nw Quadrant
    Elementary School:
    Clear Creek
    Middle School:
    Clear Creek
    High School:
    Clear Creek
    Property Description
    Rare opportunity to invest in a newer multi-family commercial building in Tiffin! 11 apartments all separated as condominiums. 9, 2 bedroom condos and 2, 3 bedroom condos. Building includes 4 commercial spaces of 1000 sq ft each. Great tax free exchange opportunity or house your commercial business with extra apartment income! This building can be purchased along with 591 State St. Perfect 1031 Tax Free Exchange opportunity! 1 owner is a licensed Realtor in the State of Iowa.
    Exterior Features

    Construction Brick Parking Off StreetOver 1 Space

    Interior Features

    Appliances Unit1 DishwasherDisposalRange/OvenRefrigerator Appliances Unit2 DishwasherDisposalRange/OvenRefrigerator Appliances Unit3 DishwasherDisposalRange/OvenRefrigerator Appliances Unit4 DishwasherDisposalRange/OvenRefrigerator Basement Finished Rooms Cooling Central Elevators Yes Energy Related Water Heater-Electric Heating GasForced Air Laundry Hookups In Unit Number Fireplaces 0 Unit1 Number Full Baths 1 Unit1 Number Half Baths 0 Unit1 Number34 Baths 0 Unit1 Numberbedrooms 2 Unit2 Number Full Baths 1 Unit2 Number Half Baths 0 Unit2 Number34 Baths 0 Unit2 Numberbedrooms 2 Unit3 Number Full Baths 2 Unit3 Number Half Baths 0 Unit3 Number34 Baths 0 Unit3 Numberbedrooms 3 Unit4 Number Full Baths 2 Unit4 Number Half Baths 0 Unit4 Number34 Baths 0 Unit4 Numberbedrooms 3

    Property Features

    Amenities Street LightsClose To SchoolClose To Shopping Annual Assoc Fee Tbd Annual Gross Expense 0 Annual Gross Income 0 Bank Owned NO Electric Annually 0 Fee Includes None Gas Annually 0 Gross Taxcounty And City 0 Insurance Annually 0 Internet Yes Lease Term Unit1 Years Lease Term Unit2 Years Lease Term Unit3 Years Lease Term Unit4 Years Lot Dimensions Condo Maintenance Annually 0 New Construction Yes Possible Finance CashConventional Rental Permit Yes Sale Lease For Sale Sqft Above 0 Sqft Lower 0 Type Multi-Family Type Multi Family 2 Stories Unit1 Dining Room No Unit1 Living Room Yes Unit1 Monthly Rent 950 Unit2 Dining Room No Unit2 Living Room Yes Unit2 Monthly Rent 950 Unit3 Dining Room No Unit3 Living Room Yes Unit3 Monthly Rent 1250 Unit4 Dining Room No Unit4 Living Room Yes Unit4 Monthly Rent 1250 Utilities Available Cable Paid By Ind.Electricity Ind. MetersGarbage in RentGas Ind. MetersWater Ind. Meters Water Annually 0 Water Sewer City SewerCity Water Zoning Cb-1

    Listing information © 2021 Iowa City Area Association of Realtors.
    Listing provided courtesy of Thomas Kaut of Urban Acres Real Estate.



    © 2021 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. Data last updated: 2021-01-22T10:25:48.557
     
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