Discover properties in 51301 within Spencer, IA for Sale using Real Estate MLS # 250398.
$149,900
7
3
2610
Active
New Listing
General Description
This 3-plex property presents a fantastic investment opportunity with multiple options for potential buyers. Whether you're looking to live in one unit while renting out the others, or rent all three for a steady income stream, this building offers great versatility. The first-floor unit features 4 bedrooms (1 non-conforming), 1 bath, and has been updated with newer cabinets, countertops, sink, and flooring. The second-floor unit includes 2 bedrooms, 1 bath, and boasts a new refrigerator and kitchen windows. The third-floor unit offers a cozy 1 bedroom, 1 bath, and has been refreshed with a new vanity and refrigerator. Each unit is equipped with electric baseboard heat, and tenants provide their own window air conditioning units. The property also includes a basement with 3 new electric water heaters, as well as a new Speed Queen coin-operated washer and dryer for tenant use. While the driveway is shared, there is alley access for additional parking and street parking options. The garage is currently used by tenants for storage. Don't miss out on this prime opportunity to own an income-generating property! Showings to start on Friday & Saturday 18th & 19Th, then tenants would like 24hr notice for any showings after the 19th.
This MultiFamily residence on 317 1St Street (MLS # 250398) is categorized as MultiFamily Homes for Sale in Spencer, IA. Available on Greg Sheeler Real Estate, this MultiFamily property is priced at $149,900 and boasts 7 bedrooms, 2610 sqft, and 3 bathrooms. Built in 1910, this property on 317 1St Street 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 317 1St Street, 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.
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Disclaimer
Greg Sheeler Real Estate and RE/MAX Lakes Realty provides these covenants/bylaws/horizontal propoerty regime declarations as a convenience, and in no way guarantees the accuracy of these documents, and in no way represents that these documents are up to date and/or legally binding. It is the responsibility of any potential buyer, seller, investor, and/or real estate agent to contact any association contact and/or the Dickinson County recorder's office in order to satisfy themselves as to the very latest available documents.
These documents are the property of Greg Sheeler Real Estate and RE/MAX Lakes Realty. The downloading of these documents for use by any other Real Estate Agency is strictly prohibited.