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!”

Features
: Storage
: Public Sewer
: Separate Meters
Address Map
IA
Linn
Center Point
52213
Water
420
Street
W94° 10' 12.4''
N43° 50' 40''
North on 380, Take Center point exit north onto Lewis Access Rd., Turn left onto Water St.
OT-E (East of I-380)
Neighborhood
Center Pt/Urbana
Center Pt/Urbana
Center Pt/Urbana
MLS Addon
Keller Williams 1 Advantage
Nick Wallraff
$0
$0
$0
$0
$0
Additional Information
: Frame
25200
8
2024-05-17
395000
https://www.propertypanorama.com/instaview/cdr/2403461
: Public
Financial
4635.0
Listing Information
WALLRAFFNICK121
CKW1A
Active
2024-12-06T21:22:42Z
CDR
2024-10-23T12:23:38Z

420 Water Street, Center Point, Iowa 52213 - Residential For Sale

420 Water Street, Center Point, Iowa 52213

5,108
$375,000
Listing ID #2403461
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2403461
Price : $375,000
Square Footage : 5,108
Year Built : 1948
Lot Area : 0.58 Acre
Status : Active
Property Sub Type : Multi Family
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent