Residential For Sale
5,108 Sqft - Water, Center Point, Iowa 52213
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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!”

Property 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!”

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
2403461
Price:
$375,000
Beds:
0
Total Full Baths:
0
Baths:
0
Half Bathrooms:
0
Square Feet:
5,108 Sqft
Construction Year:
1948
Lot Size:
0.58 Acre
Country:
US
State:
IA
County:
Linn
City:
Center Point
Zipcode:
52213
Status Category:
Active
Features
Construction:
Frame
Interior:
Storage
Possession:
Immediately
Address Map
Street:
Water
Street Number:
420
Floor Number:
0
Longitude:
W94° 10' 12.4''
Latitude:
N43° 50' 40''
More Information
Office Name:
Keller Williams 1 Advantage
Agent Name:
Nick Wallraff
Elementary School:
Center Pt/Urbana
Jr./Middle School:
Center Pt/Urbana
High School:
Center Pt/Urbana
Virtual Tour2:
Directions:
North on 380, Take Center point exit north onto Lewis Access Rd., Turn left onto Water St.
Lot Dimensions:
25200
LA1Agent Logon Name:
WALLRAFFNICK121
LA1Agent First Name:
Nick
LA1Agent Last Name:
Wallraff
LO1Main Office ID:
CKW1A
PriceChangeTimestamp:
12-06-2024
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Nick Wallraff
Keller Williams 1 Advantage
Additional Details
Frame
Storage
Immediately
05/17/2024
North on 380, Take Center point exit north onto Lewis Access Rd., Turn left onto Water St.
25200