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122 E Jefferson Street

Winterset, IA 50273
  • $375,000
  • STATUS: Pending
  • ON SITE: 8 days
  • MLS #: 633856
Pending
$375,000
  • 10
    BEDS
  • 0.13
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1997
County:
Area:

School Ratings & Info

School District:

Description

Attention income property investors! If you have been looking for the perfect property to add to your existing portfolio or if you are a beginning investor looking to start investing in multi-family real estate, this is the ideal property for you. This property contains six units: four 2 BR and two 1 BR, with a gross annual revenue of $38,625 as of 12/31/20. The property has a number of tenants who have been residents for many years. There is potential for increased revenue generation for the units with the current market. The property is professionally managed by an outside property management company for a turnkey ownership experience. One could also self-manage the property to realize a higher cap rate and income potential. The property was built in 1997 and has been well maintained to minimize future potential maintenance costs. The location is extremely desirable, situated about one block off of the Winterset square with easy access of all the area's major amenities and services.

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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: 2021-07-29T00:21:45.067.
www.penniecarroll.com/homes/119511317
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122 E Jefferson Street Winterset, IA 50273

  • Price: $375,000
  • Status: Pending
  • MLS #: 633856
10
Beds
6
Baths
0
½ Baths
0.13
Acres
1997
Built
Neighborhood:
Winterset
County:
Madison
Area:
Winterset
School District:
Winterset
Property Description
Attention income property investors! If you have been looking for the perfect property to add to your existing portfolio or if you are a beginning investor looking to start investing in multi-family real estate, this is the ideal property for you. This property contains six units: four 2 BR and two 1 BR, with a gross annual revenue of $38,625 as of 12/31/20. The property has a number of tenants who have been residents for many years. There is potential for increased revenue generation for the units with the current market. The property is professionally managed by an outside property management company for a turnkey ownership experience. One could also self-manage the property to realize a higher cap rate and income potential. The property was built in 1997 and has been well maintained to minimize future potential maintenance costs. The location is extremely desirable, situated about one block off of the Winterset square with easy access of all the area's major amenities and services.
Exterior Features

Architectural Style Two Story Foundation Details Block Levels Two Road Surface Type Asphalt Roof AsphaltShingle

Interior Features

Basement Finished Basement YN Yes Cooling Central Air Heating BaseboardElectricForced AirGas Heating YN Yes

Property Features

Electric On Property YN Yes Lease Considered YN No Listing Terms CashConventional Lot Size Dimensions 88 X 66 Owner Pays InsuranceTaxes Property Sub Type Multi Family Sewer Public Sewer Tax Annual Amount 8840 Tax Year 2019 Tenant Pays ElectricityGasWater Utilities Electricity AvailableNatural Gas AvailableWater Available Water Source Public Zoning Dc

Listing provided courtesy of Madison County Realty. © 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: 2021-07-29T00:21:45.067.
 
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Pennie Carroll & Associates
3232 Hubbell Ave
Des Moines IA, 50317