RARE multi-family investment opportunity in the quaint town of Panora, IA.
Located just 45 miles west of the Des Moines Metro Area, Market Street Apartments sits on a half-acre parcel and offers a studio apartment as well as 11 two-bedroom apartments. All apartments feature full kitchens with eat-in dining, ample storage, two bedrooms and one full bathroom. Located in town and just down the street from K-12 schools, Market Street Apartments serves as a great housing option for families as well as those working in Panora and surrounding communities. Recent renovations to units have proven lucrative in return, ensuring this property will provide a successful long-term investment.
Sold for $665,000 on 03/21/23
$665,000
502 W Market St, Panora, IA 50216
22beds
9,480sqft
Multi Family, Apartment
Built in 1974
-- sqft lot
$854,700 Zestimate®
$70/sqft
$962 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: March 22, 2023 at 10:22am
Listed by:
Abbey Gilroy ContactUs@VIARealtors.com,
VIA Group, REALTORS
Bought with:
Abbey Gilroy
VIA Group, REALTORS
Source: DMMLS,MLS#: 663862
Originating MLS: Des Moines Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 13
- Full bathrooms: 11
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
- Laundry: Main Level
Features
- Flooring: Hardwood, Vinyl
- Basement: Finished,Walk-Out Access
Interior area
- Total structure area: 9,480
- Total interior livable area: 9,480 sqft
- Finished area below ground: 0
Property
Lot
- Size: 0.55 Acres
- Dimensions: 200 x 120
- Features: Rectangular Lot
Details
- Parcel number: 0001282600
- Zoning: M-Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Vinyl Siding
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Panora
Other
Other facts
- Listing terms: Assumable,Cash,Conventional
- Road surface type: Concrete