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Listed by Barbara Smed • Keller Williams Legacy Group
$360,000
Est. payment /mo
4,400 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $81
MLS Listing ID 20244715
Year Built 1900
Annual Tax Amount $1,982
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x120
Property Sub-Type Triplex
Property Description
Investment Alert!! Check out this income producing property available in New Albin, IA. This property houses three newly updated apartments along with an event center and commercial kitchen. Updates include new flooring and appliances, new water heaters, furnace, AC and updated electrical and plumbing. Current rental income from the apartments totals $2200/month. The commercial side of the property consists of a bar area, commercial kitchen, covered patio. These was formally a successful bar and is now ready to rent out for events such as birthday parties or bachelor parties. Lots of potential areas to expand - The new owner could consider offering pizza and sandwiches for purchase from those using the splash pad or visiting town. How about opening for breakfast on the weekends? Or hosting a televised sporting event? Turn-key situation with the bar and kitchen. Letter of pre-qualification and minimum 24 hour notice required to view apartments.
Location
State IA
County Allamakee
Zoning R-1
Rooms
Basement Entrance-Inside
Interior
Cooling Central Air
Fireplace N
Laundry Laundry Closet
Exterior
Parking Features On Street, None
Utilities Available Electric in Rent, Garbage in Rent, Water in Rent
View Y/N true
Roof Type Metal
Building
Water City
Structure Type Wood Siding
Schools
Elementary Schools New Albin
Middle Schools Lansing
High Schools Lansing
Others
Acceptable Financing NBR20244715
Listing Terms NBR20244715
Special Listing Condition Normal Sale
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