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Pending
  • Price cut: $4K (2/13)
    $395,000

    400 E Coolbaugh St, Red Oak, IA 51566

    --beds
    15,000sqft
    : 
    Apartment
    Built in 1902
    -- sqft lot
    $-- Zestimate®
    $26/sqft
    $-- HOA

    What's special

    Welcome to this fantastic investment opportunity in the charming town of Red Oak, Iowa! This 11 unit apartment building offers a unique chance for value-add potential with room to increase rents and implement Ratio Utility Billing System (RUBS). The property also features a small office space that can be utilized for leasing or rented out for additional income. Potential historic tax credit opportunity as well.Electric is separately metered. Owner pays water and gas. Property has a mixture of furnace, electric baseboard heaters, and a boiler that was install in 2023 in the basement. Building includes appliances, washer & dryers.Agent has equity.
    80 days
    on Zillow
    |
    256
    |
    10
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 11, 2025 at 12:58am

    Listed by:

    20060210204436317691000000

    Source: SWIAR,MLS#: 25-192
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 10
    • 1/2 bathrooms: 1
    Heating
    • Natural Gas, Steam, Hot Water
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Dryer, Washer, Refrigerator
    • Laundry: Common Area
    Features
    • Storage
    Interior area
    • Total structure area: 15,000
    • Total interior livable area: 15,000 sqft

    Property

    Parking
    • Parking features: See Remarks
    Features
    • Levels: Three Or More
    • Stories: 3
    Lot
    • Size: 5,227.2 Square Feet
    • Dimensions: .12 acres
    Details
    • Parcel number: 600628326001000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Brick
    • Roof: Flat
    Condition
    • Year built: 1902

    Community & HOA

    Location
    • Region: Red Oak

    Financial & listing details

    • Price per square foot: $26/sqft
    • Annual tax amount: $8,310
    • Date on market: 2/5/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity
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