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106 2nd Street

Bayard, IA 50029
  • $1,300,000
  • STATUS: Active
  • ON SITE: 4 Days
  • MLS #: 651861
New On Site 4 Days Ago
UPDATED: 49 min ago
$1,300,000
  • 31
    BEDS
  • 0.34
    ACRES
  • 20
    BATHS
  • 0
    1/2 BATHS
  • 3,180
    SQFT
  • $409
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1966
County:
Area:

School Ratings & Info

School District:

Description

This CASH FLOWING portfolio consists of four 5 Unit one level buildings being sold as a package located a few blocks from each other. It consists of 11 two bedrooms and 9 one-bedrooms. NEW roof in 2019, NEW windows, and gorgeous brick exterior. The majority of the units have been updated and there is also the opportunity to value add to the other units as they become available. This secure investment sits in the quaint little town of Bayard and is one of the few apartment buildings. This property is HUD qualifying and with new raised HUD limits, your opportunity to increase revenue is great! The seller is also offering this package to be added to the MLS Listing #651881 making this a 44-unit package to be sold at a discounted rate of 2.9M. A vacant unit is available to tour upon request. A signed NDA is required before viewing financials. All units will be available to tour once an offer has been accepted.

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© 2022 Des Moines Multiple Listing Service. IDX information 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2022-05-18T12:24:19.25.
www.penniecarroll.com/homes/128697964
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106 2nd Street Bayard, IA 50029

  • Price: $1,300,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 49 min ago
  • MLS #: 651861
31
Beds
20
Baths
0
½ Baths
0.34
Acres
3,180
SQFT
$409
$/SQFT
1966
Built
Neighborhood:
Bayard
County:
Guthrie
Area:
Bayard
School District:
Coon Rapids-Bayard
Property Description
This CASH FLOWING portfolio consists of four 5 Unit one level buildings being sold as a package located a few blocks from each other. It consists of 11 two bedrooms and 9 one-bedrooms. NEW roof in 2019, NEW windows, and gorgeous brick exterior. The majority of the units have been updated and there is also the opportunity to value add to the other units as they become available. This secure investment sits in the quaint little town of Bayard and is one of the few apartment buildings. This property is HUD qualifying and with new raised HUD limits, your opportunity to increase revenue is great! The seller is also offering this package to be added to the MLS Listing #651881 making this a 44-unit package to be sold at a discounted rate of 2.9M. A vacant unit is available to tour upon request. A signed NDA is required before viewing financials. All units will be available to tour once an offer has been accepted.
Exterior Features

Road Surface Type Concrete Roof AsphaltShingle

Interior Features

Appliances RefrigeratorStove Cooling Window Unit(S) Heating BaseboardElectric Heating YN Yes

Property Features

Community Features Laundry Facilities Home Warranty YN No Lease Considered YN No Listing Terms CashConventional Lot Size Dimensions 100X150 Owner Pays TaxesWater Property Sub Type Multi Family Sewer Public Sewer Tax Annual Amount 12616 Tenant Pays Electricity Utilities Electricity AvailableWater Available Water Source Public Zoning Com

Listing provided courtesy of Realty One Group Impact. © 2022 Des Moines Multiple Listing Service.
© 2022 Des Moines Multiple Listing Service. IDX information 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2022-05-18T12:24:19.25.
 
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Pennie Carroll & Associates
3232 Hubbell Ave
Des Moines IA, 50317