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For sale
    • $550,000

    1518 4th Ave SW, Spencer, IA 51301

    12beds
    8baths
    4,704sqft
    : 
    Quadruplex
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $117/sqft
    $-- HOA

    What's special

    Attached garageLarge decksWell-designed apartments
    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.
    251 days
    on Zillow
    |
    223
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 13, 2025 at 02:27pm

    Listed by:

    Matt Lippon PRIM:712-330-0604,

    Jensen Real Estate,

    Michael Jensen 712-320-7245,

    Jensen Real Estate

    Source: Iowa Great Lakes BOR,MLS#: 240960MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 8
    Heating
    • Forced Air
    Cooling
    • Unit 1(Central), Unit 2(Central), Unit 3(Central), Unit 4(Central)
    Features
    • Basement: Partial
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 4,704
    • Total interior livable area: 4,704 sqft
    • Finished area above ground: 2,592
    • Finished area below ground: 2,112

    Property

    Parking
    • Total spaces: 8
    • Parking features: Concrete, Gravel, Attached
    • Attached garage spaces: 4
    • Has uncovered spaces: Yes
    • Details: Off Street
    Features
    • Levels: Multi/Split
    Lot
    • Size: 0.3 Acres
    • Dimensions: 100 x 130
    Details
    • Parcel number: 963619151006

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Brick, Vinyl Siding
    • Roof: Asphalt
    Condition
    • Year built: 1977

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Connected

    Community & HOA

    Community
    • Subdivision: IA
    Location
    • Region: Spencer

    Financial & listing details

    • Price per square foot: $117/sqft
    • Annual tax amount: $4,692
    • Date on market: 8/17/2024
    • Tenant pays: Electricity, Gas, Water/Sewer
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