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Sold for $633,000 on 10/31/24
  • $633,000

    500 Pike St, Ridgeway, IA 52165

    --beds
    --baths
    12,802sqft
    Apartment
    Built in 1972
    -- sqft lot
    $646,900 Zestimate®
    $49/sqft
    $-- Estimated rent

    Home value

    $646,900

    Estimated sales range

    Not available

    Not available

    Zestimate® history
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    What's special

    Great investment opportunity! Three apartment buildings with a total of 18 units. The buildings have a total of 8 two bedroom and 10 one bedroom apartments. The apartments have exterior entrances and off-street parking. Coin operated laundry is located in each building. A lit sidewalk leads from the parking lots to each apartment. Ridgeway is a quiet rural community located in between Decorah and Cresco, Iowa, There is currently a housing shortage in the area. This fully occupied property has been well maintained and is ready for new owners. Financial information and appraisal available to qualified buyers with a signed NDA. West Building - Age: 1978 Square Footage: 5,264 Number of Apartments: 8 Center Building - Age: 1974 Square Footage: 3,377 Number of Apartments: 5 East Building - Age: 1972 Square Footage: 4,161 Number of Apartments: 5

    Zillow last checked: 8 hours ago

    Listing updated: November 02, 2024 at 04:01am

    Listed by:

    Steven Burke 507-251-0644,

    Burke Real Estate

    Bought with:

    Steven Burke, B44679

    Burke Real Estate

    Source: Northeast Iowa Regional BOR,MLS#: 20244005MLS Logo

    Facts & features

    Interior

    Heating
    • Baseboard, Electric
    Cooling
    • Wall Unit(s), Window Unit(s)
    Appliances
    • Laundry: Laundry Closet
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 12,802
    • Total interior livable area: 12,802 sqft
    • Finished area above ground: 12,802
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 10
    • Parking features: Parking Pad, Paved, None
    • Uncovered spaces: 10
    Lot
    • Size: 2.21 Acres
    Details
    • Has additional parcels: Yes
    • Parcel number: 092322700500
    • Zoning: R-3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Brick, Wood Siding
    • Roof: Asphalt
    Condition
    • Year built: 1972

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Separate Meters

    Community & neighborhood

    Location
    • Region: Ridgeway

    Price history

    DateEventPrice
    10/31/2024Sold$633,000-29.7%$49/sqft
    Source: Northeast Iowa Regional BOR #20244005
    9/25/2024Pending sale$900,000$70/sqft
    Source: Northeast Iowa Regional BOR #20244005
    9/6/2024Listed for sale$900,000$70/sqft
    Source: Northeast Iowa Regional BOR #20244005

    Public tax history

    Tax history is unavailable.

    Neighborhood: 52165

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Crestwood
    • Middle: Cresco
    • High: Cresco

    Source: Northeast Iowa Regional BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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