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JJ Johannes

jj@thejohannesgroup.com +1(319) 540-1002

$ 245,000

Est. payment | -/mo

1 Bath

Save

$ 245,000

Est. payment | -/mo

Save

1 Bath

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Subdivision Sies Co'S 1St

MLS Listing ID 202604653

Style Two Stories

HOA Y/N No

Abv Grd Liv Area 3,460

Year Built 1980

Annual Tax Amount $3,971

Tax Year 2024

Lot Dimensions 63' × 125'

Property Sub-Type Multi Family

Property Description

Investors, this one's for you! Unlock the potential of this income-producing 4-unit multifamily property. Featuring four 2-bedroom, 1-bath units, current rents are Unit 1: $800, Unit 2: $800, Unit 3: $770, and Unit 4: $1,000. This property offers immediate cash flow with upside potential through future rent increases. This property presents an excellent opportunity for investors looking to add value and maximize returns. Located in an area with strong rental demand, this asset offers both stable income and long-term appreciation potential. Please allow 24 hours' notice for all showings. Don't miss your chance to add this promising investment to your portfolio, schedule your tour today! Bonus Opportunity: Purchase 58 Northwood individually, or maximize your investment by packaging it together with 66 Northwood for even greater potential. Note: Each unit in 58 Northwood has it's own parcel number, however, all the units are being sold together. Unit 1: 11333-26013-01000 Unit 2: 11333-26013-01001 Unit 3: 11333-26013-01002 Unit 4: 11333-26013-01003

Location

State IA

County Linn

Zoning RES 3+ UNITS

Direction From I-380 in Hiawatha, take the Boyson Rd exit, travel east, turn north onto Northwood Dr, property on the right

Rooms

Basement Finished

Interior

Cooling Central Air, Other

Exterior

Parking Features Guest, Off Street

Community Features Close To School, Close To Shopping

Utilities Available City Sewer, City Water

Building

Structure Type Frame

New Construction No

Schools

Elementary Schools Nixon

Middle Schools Harding

High Schools Kennedy

Others

Tax ID 11333-26013-01000

Acceptable Financing Exchange1031, Cash, Conventional

Listing Terms Exchange1031, Cash, Conventional

Special Listing Condition Standard

Listed by Urban Acres Real Estate

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(319) 540-1002

jj@thejohannesgroup.com

58 Northwood Dr. Hiawatha, IA 52233