4-Unit Property. Ranch Multi-Family. Investment Opportunity. This 4-unit complex is a great opportunity. All four units are approximately the same size, with about 600 square feet each. There are two One-Bed units and two Two-Bed units. Each have: Living: Carpet Kitchen/Dining: Vinyl Flooring, Laminate Countertops Bedroom 1: Carpet, Closet Bedroom 2 (if applicable): Carpet, Closet Full Bathroom: Vinyl Flooring, Tub/Shower Closets for Storage There is a separate shared laundry space in the building that contains a coin-operated washer/dryer. These machines are leased with a company who maintains them and repairs them as well as collects the coins (lease is transferable). The tenants pay for their own electricity & garbage, while the landlord pays for the water, sewer & common space electric ($150/mo), lawn care & snow removal ($100/mo), and insurance ($110/mo) The rental income for each unit is as follows: Unit 1 (two bedroom): $475/mo Unit 2 (one bedroom): $400/mo Unit 3 (one bedroom): $400/mo Unit 4 (two bedroom): $450/mo Security Deposits will be included upon closing. All units are currently rented. There is off-street parking spaces for the units.
Off market
$201,800
115 N Rerick Ave, Primghar, IA 51245
6beds
2,400sqft
MultiFamily
Built in 1975
-- sqft lot
$201,800 Zestimate®
$84/sqft
$1,140 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Cooling
- Other
Interior area
- Total interior livable area: 2,400 sqft
Property
Lot
- Size: 0.27 Acres
Details
- Parcel number: 0000236600
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1975
Community & neighborhood
Location
- Region: Primghar
Other
Other facts
- Property Class: Multi-Unit
- Type: Multi-Unit
- Driveway: Concrete
- Fuel Type: Electric
- Sewer Type: City
- Water Type: City
- Coin Op Wash Dry: Yes
- AC Type: Window Unit
- Heat Type: Baseboard
- Region: Surrounding Areas/Other Areas
- Sale/Rent: For Sale
- Status: Active
- Parcel Number: 0000236600
- Legal Description: 36-96-41 REPLAT OF LOTS 1 & 2 OF LOT 1 AUD SUBD SE1/4 SE1/4 E 90' OF LOT D & S1/