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    111 NW 2nd Street

    Stuart, IA 50250
    • $499,900
    • STATUS: Active
    • ON SITE: 254 days
    • MLS #: 615097
    UPDATED: 10 min ago
    $499,900
    • 6
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1894
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Unique opportunity to have a home, business and rental income in the same building! Live in luxury in one of the 3 apartments. Front apartment is approximately 3000 sq. ft. with 17+ ceilings. This is not your average home. The two additional apartments are over 1700 sq. ft. Elevator in building to all floors.Colonial & Romanesque Revival architecture makes this building the pride of Stuart!Second floor is currently office space. It could be possible in the future to turn this floor into apartments.First floor is retail, two spaces. One is approximately 2800 sq ft. and the other is 500 sq. ft.. There is also a full basement currently being used for a business. Currently owner is using the building as his live/work space. It is his home, therefore number are not available for the investor buyer. Has potential cap rate of 15% if fully rented. Building is well maintained. Don't miss the chance to own this one of a kind property.

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    © 2021 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: 2021-06-14T19:21:47.867.
    www.penniecarroll.com/homes/110636743
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    111 NW 2nd Street Stuart, IA 50250

    • Price: $499,900
    • Status: Active
    • Updated: 10 min ago
    • MLS #: 615097
    6
    Beds
    6
    Baths
    0
    ½ Baths
    N/A
    Acres
    1894
    Built
    Neighborhood:
    Stuart
    County:
    Guthrie
    Area:
    Stuart
    School District:
    See Remarks
    Property Description
    Unique opportunity to have a home, business and rental income in the same building! Live in luxury in one of the 3 apartments. Front apartment is approximately 3000 sq. ft. with 17+ ceilings. This is not your average home. The two additional apartments are over 1700 sq. ft. Elevator in building to all floors.Colonial & Romanesque Revival architecture makes this building the pride of Stuart!Second floor is currently office space. It could be possible in the future to turn this floor into apartments.First floor is retail, two spaces. One is approximately 2800 sq ft. and the other is 500 sq. ft.. There is also a full basement currently being used for a business. Currently owner is using the building as his live/work space. It is his home, therefore number are not available for the investor buyer. Has potential cap rate of 15% if fully rented. Building is well maintained. Don't miss the chance to own this one of a kind property.
    Exterior Features

    Architectural Style Other Construction Materials Brick Foundation Details Brick/Mortar Road Surface Type Asphalt Roof AsphaltShingle

    Interior Features

    Appliances DryerDishwasherMicrowaveRefrigeratorStove Basement Finished Basement YN Yes Cooling Central Air Flooring CarpetHardwoodTile Heating ElectricForced AirNatural Gas Heating YN Yes

    Property Features

    Electric On Property YN Yes Lease Considered YN No Listing Terms CashConventional Owner Pays InsuranceTaxesWater Property Sub Type Multi Family Security Features Smoke Detector(S) Sewer Public Sewer Tax Annual Amount 4210 Tenant Pays Gas Utilities Electricity AvailableNatural Gas AvailableWater Available Water Source Public Zoning Com

    Listing provided courtesy of Hunziker & Associates, Realtor. © 2021 Des Moines Multiple Listing Service.
    © 2021 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: 2021-06-14T19:21:47.867.
     
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    Pennie Carroll & Associates
    3232 Hubbell Ave
    Des Moines IA, 50317