248 SE State St, Madrid, IA 50156

This 3 plex in the heart of Madrid is a sleeper. 2-2BR and 1-1BR apts. Good rents at $1800/month. Landlord pays $200 per month for gas and $100 per month for water and has a credit with both utility companies. Insurance runs $113/mo. New roof last year. All new tuckpointing and exterior paint in 2017 which cost around $10,000. Ample parking both in the street and in the lot to the north.