Description

Hard to find 8 plex in Center Point IA. This property has one large 2 bedroom unit, three regular 2 bedroom units, and four 1 bedroom units. It also has a 1 stall garage. This building has great rental history. Tenants have been long term and the owner-manager has done a very good job placing tenants. Currently all but one apartment are occupied and the final apartment is undergoing renovations.

Tons of updates and Capex improvements have been made by the current owner. This includes new kitchens, bathrooms, fixtures, etc. There is a laundry room on site that is plumbed and wired for two washers and two dryers. The owner was planning on installing a Shinepay/Smart Coin Box type system. Between the below market rents and the laundry addition this property has plenty of room to increase monthly income!”

Listing ID #2403461

Residential For Sale

420 Water, Center Point, Iowa 52213

$375,000
Beds0
Square Feet5,108
Construction Year1948
Lot Size0.58 Acre
Country : US
State : IA
County : Linn
City : Center Point
Zipcode : 52213
Baths0
Status CategoryActive
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Agent info
Nick Wallraff
Keller Williams 1 Advantage
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Features
2403461
Residential
5,108 Sqft
1948
Center Pt/Urbana
Center Pt/Urbana
Center Pt/Urbana
Frame
Immediately
North on 380, Take Center point exit north onto Lewis Access Rd., Turn left onto Water St.
Additional Details
0.58 Acre
Storage
2024-05-17 00:00:00
25200

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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