401 N 1st Street #A,b,c,d,7,9 11,13
Marshalltown, IA 50158
MLS #544140

Multi-Family
  • 0.37acres
Pending Sale $270,000
Est. P&I payment: $1031.22/mo
401 N 1st Street #A,b,c,d,7,9 11,13, Marshalltown, IA 50158
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Description for 401 N 1st Street #A,b,c,d,7,9 11,13, Marshalltown, IA 50158
***ALL INVESTORS*** This apt/condo has 8 units, all occupied and have been for a good amount of time. Being sold as a complete package for only $270,000! Rental inspection has just been done 1/4/18 to be renewed for the next 3 years. Each unit can be sold individually as they all have own tax description. Property has new roof on 7 units, new water heaters for each unit, each tenant pays own electric. Heating is base board electric heating. Owner pays water and garbage. Basement laundry for tenants, also on site parking lot for each tenant as well as street parking. This property brings in $4,500 monthly! That’s $54,000 a year! Give me a call today and let’s get you inside this great cash flow property.
MLS #544140
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My Notes for MLS #544140

General Features

  • Property Type: Multi-Family
  • Style: See Remarks
  • Acres: 0.37
  • Year Built: 1969

Exterior Features

  • Exterior: Vinyl Siding
  • Acres: 0.37
  • Foundation: Concrete Block
  • Sidewalk: Y

Interior Features

  • Basement Desc: Unfinished
  • Baths Total: 8
  • Baths Full: 8
  • Kitchens Total: 8
  • Storage: 1

Utilities Features

  • Air Conditioning: Window Unit
  • Fridges Total: 8
  • Heat: Gas Forced Air,​See Remarks
  • Landlord Tenant Utilities: Electric Tenant,​Gas Tenant,​Insurance Landlord,​Misc Exp Landlord,​Water Tenant
  • Laundry YN: 1
  • Separate Meters: Y
  • Stoves Total: 8

Financial Features

  • Gross Operating Income: 4,500
  • Gross Taxes: 968
  • Net Taxes: 968

Community Features

  • School District: Marshalltown

Misc Features

  • Parcel Number: ...
  • Total 2 Bedroom Units: 7
  • Total 3 Bedroom Units: 1
  • Zoning: R

Location

 
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Directions to 401 N 1st Street #A,b,c,d,7,9 11,13, Marshalltown, IA 50158
Police department, North on N Center Street toward E State Street, turn left onto W Lincoln Street, 401 N 1st Street.
The listing information for 401 N 1st Street #A,b,c,d,7,9 11,13, Marshalltown, IA 50158 was graciously provided by our friends at the listing brokerage, Keller Williams Realty GDM

Get Financing for 401 N 1st Street #A,b,c,d,7,9 11,13, Marshalltown, IA 50158

Gershman Mortgage
David Bell
8460 Birchwood Ct, Ste 700
Johnston, IA 50131
515-330-2930 Office
(515) 205-3962 Mobile
(515) 330-2933 Fax
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P&I Payment $1031.22
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty North Star's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty North Star, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 02/17/2018 at 10:16pm
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