51301, IA Spencer, 1518 4th Avenue

Discover properties in 51301 within Spencer, IA for Sale using Real Estate MLS # 240960.

$550,000

  • 12
  • 8
  • 4704
  • Active
Price Decreased

General Description

Presenting a fantastic property with four well-designed apartments, each featuring 3 bedrooms, 1.5 bathrooms, and an attached garage. Enjoy great views of the Spencer Municipal Golf Course and the benefit of large decks for added outdoor space. These apartments have a solid rental history, with all four currently under long-term leases, making this an attractive option for investors seeking reliable income. With each unit over 1,100 square foot, this property offers both value and potential.

Legal: 6 HARTS 2ND RES SUB (EXACT LEGAL PER ABSTRACT)
Status: Active

Property Information

240960

$550,000

Sale

Quadruplex

MULTIFAMILY

1518 4th Avenue SW

Spencer

IA

51301

12

8

4704

13000

Attached

4

4692

2022

Spencer

1977

Features

No

Utilities

No

LISTED BY

Jensen Real Estate, Matt Lippon (712.330.0604) & Jensen Real Estate, Michael Jensen (712.330.0604)

PROPERTY LOCATION

MORTGAGE CALCULATOR


This MultiFamily residence on 1518 4th Avenue (MLS # 240960) is categorized as MultiFamily Homes for Sale in Spencer, IA. Available on Greg Sheeler Real Estate, this MultiFamily property is priced at $550,000 and boasts 12 bedrooms, 4704 sqft, and 8 bathrooms. Built in 1977, this property on 1518 4th Avenue offers a unique opportunity to explore the real estate market in Spencer. For detailed market statistics and community insights, whether you're interested in Spencer listings or specifically 1518 4th Avenue, contact RE/MAX Lakes Realty, the premier real estate hub in Iowa Great Lakes. Our team is dedicated to assisting you in finding the perfect residential options in and around Spencer, IA.
Greg Sheeler - Real Estate Professional

Greg Sheeler

Real Estate Professional

Ask About this Property #240960

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COMMUNITY

Spencer Hospital

Spencer Hospital in Spencer

Spencer Hospital delivers the highest quality healthcare in its area.They are compassionate about their patients, while providing high-tech, and professional care to each of their patients. They have a specialized cancer center, diagnostic imaging, surgery center, and a brand new OB unit. Spencer Hospital's amazing doctors provide personalized care, and treat each patient with compassion, and care.

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Gary's on the River

Gary's on the River in Spencer

Gary's is newly owned by Rabab, and sure to keep your taste buds coming back for more. The menu still features classic American comfort food, as well as some of Rabab's Mediterranean favorites. This comfortable, yet classy restaurant is perfect for date night, or family night. Gary's features their ever popular "pizza night" on Thursdays and Fridays, which is always amazing, and their "pasta night" on Wednesdays, which is sure to keep you full all night!

Real Estate and MLS Homes For Sale in Spencer

The Sports Page Bar & Grill

The Sports Page Bar & Grill in Spencer

Sports Page is a fan favorite restaurant in Spencer, Iowa. With their never ending menu, with classic American food, its sure to please everyone that visits! With TV's everywhere you look, you won't miss any of the action, whether it be football, baseball, basketball, or any of the other major sports, Sports Page has you covered! This family friendly restaurant offers a comfortable atmosphere for all to enjoy.

Real Estate and MLS Homes For Sale in Spencer

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