Andy and Kathy Clarey

Opportunity Knocks for all you investors out there!!  Here is an excellent chance to own a rental property that is in a great location close to downtown and the schools!  This property contains 2 apartment complex's.  One complex features 3 apartments(main floor, upstairs, and basement) and this building features approx 800 sq. ft. on each level.  The apartments in this building are all 2 bedroom, 1 bath units and feature thier own laundry!  Recent updates to this building include: newer roof, remodeled bathrooms on the upper and lower level apartments, some newer windows, and some new flooring!! The other complex on the property includes 2 apartment units that are approx. 1144 sq. ft. and are 2 bedroom 1 bath, and also includes laundry.  This complex had a new roof in 2017!  This property provides a great opportunity to own a total of 5 apartments of which 3 already have a great tenant/rental history! Potential Gross Income with full occupancy would be $29,000 per year!!   Please call our office today to inquire more details and to discuss the rental income and cash flow details for this property! NOTE: OWNERS HAVE SOLD THE PROPERTY AND THE OPEN HOUSE HAS BEEN CANCELLED!!  

889 total views, 9 views today

  • Lot Size: 65 x 106 and an additional 50 x 130 
  • Listing Status: Sold 
  • Address: 2005 16th Street, Rock Valley, Iowa 
  • Price: 172,900 
  • Siding Type: Wood Siding on 2-Story and Masonite on Single Story 
  • Roof Type: Asphalt New in 2017 and 2011 
  • Year Built: 2-Story was built approx 1900 and the 1-Story was built in approx 1968 
  • Garage Size: None 
  • Furnace Type: All units have hot water heat 
  • A/C: Window AC Units only 
  • Property Tax: 3,080 
  • Utilities: Contact Agent