204 3Rd Street SW $325,900

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    204 3Rd Street SW Rake, IA 50465

    • 1.74 Acres
    • Commercial
    • MLS# 6319790
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    Views: 11 Days On Site: 110

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    Property Details

    Turnkey 8-unit apartment with positive cashflow on Day 1 and additional upside. The deal includes two 4-unit buildings side-by-side on a 1.74 acre lot. All units have received recent updates including fresh paint, new flooring, and new plumbing. Many also have new kitchen cabinets and bathroom updates. Good tenants with in-house management in a nice, stable small town. Room for increasing rents without major updates. Call today for a showing!

    • General Features
      • Tax Year 2022
      • Net Taxes $2,358
      • Current Use Commercial
      • Potential Use None
    • Building Features
      • Accessible None
      • Heating Forced Air
      • Style Apartment
    • Property Features
      • Exterior Brick/Stone
      • Available Utilities Electric Common,Heating Separate
      • Fuel Natural Gas
      • Parking Characteristics Driveway - Gravel
      • Sewer City Sewer/Connected
      • Water City Water/Connected
      • Total Number of Units 8

    Contact

    Matthew Karjalahti

    Matthew Karjalahti

    Broker, Owner

    Iowa

    RE/MAX PARTNERS REALTY

    Mobile Phone: 641-260-0672

    Neighborhood

    Neighborhood Details available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $325,900
    7/31/2024 11:09:00 AM New in Database Source: Multiple Listing Service New Value: $325,900

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    Listing information is provided in part by the Internet Data Exchange (IDX) program of the Iowa Association MLS. The information on this website 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. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2024 Iowa Association MLS. All rights reserved.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.