209 N Federal Ave, Mason City, IA 50401

Invest in downtown River City with this outstanding income property. First floor has commercial tenant with thriving business. Second floor is fully leased with 4 market-based loft apartments as featured in Dream Homes section of Globe Gazette. In addition to historically low mortgage rates, financing options may apply via: Downtown Revolving Loan Fund, Urban Revitalization Tax Abatement, Micro Enterprise, and Downtown Revitalization Loan (potential forgivable loan up to $30k) Programs. Private parking lot with spaces for 7 vehicles. All utilities are metered out, including water. Tenants have autonomy over their bills. The double storefront property is located on one of the coolest blocks in downtown with views of the unique copper Kirk building and The Manor with its park-like landscaping. Within walking distance of: restaurants, breweries, shops, grocery store, Central Park, and post office. Serious inquiries only; please have pre-qualification letter from lender in place when emailing owner.