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Ernest Abell

ernieabell.realty@hotmail.com +1(641) 414-3893

Listed by Sarah Johnson Bridge City Realty

$ 64,900

Est. payment | -/mo

11 Beds

8 Baths

5,301 SqFt

Save

$ 64,900

Est. payment | -/mo

Save

11 Beds

8 Baths

5,301 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,301 sqft

Price per Sqft $12

Subdivision Ferree & Muirs Add

MLS Listing ID NOC6342916

Bedrooms 11

Full Baths 8

Year Built 1900

Annual Tax Amount $2,960

Tax Year 2024

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions .259 Acre

Property Sub-Type Single Family Residence

Property Description

Fantastic investment opportunity with strong rental income and major updates already completed. This 8-plex offers a mix of units - six 1-bedroom apartments one 2-bedroom, and one 3-bedroom providing steady cash flow from day one. The building needs some TLC, but the upside is tremendous for anyone looking to add value and increase returns. Major mechanical updates have already been handled, including a new 2025 steam boiler, updated electrical, and updated plumbing, giving you a solid foundation to build on. With cosmetic improvements and strategic upgrades, this property has the potential to become a high-performing asset in your portfolio. Endless possibilities for the savvy investor ready to capitalize on a multi-unit building with proven income and room to grow.

Location

State IA

County Wapello

Area 5301

Direction 424 N Court

Rooms

Basement Partial

Interior

Heating Radiant

Cooling Window Unit(s)

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

View Y/N true

Accessibility None

Building

Sewer City Sewer/Connected

Water City Water - In Street

Level or Stories Two

Structure Type Wood Siding

Schools

School District 5049 - Ottumwa

Others

Energy Description Natural Gas

Acceptable Financing NOC6342916

Listing Terms NOC6342916

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(641) 414-3893

ernieabell.realty@hotmail.com

Learn More About LPT Realty

424 N Court ST Ottumwa, IA 52501