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$ 169,900
Est. payment /mo
Pending
601 N 1st Street Indianola, IA 50125
4 Beds
2 Baths
1,524 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 1,524 sqft
Price per Sqft $111
MLS Listing ID 719413
Style Two Story
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1890
Annual Tax Amount $2,053
Tax Year 2023
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Prime Investment Opportunity Near Simpson College & Indianola Square. This fully rented, income-producing property features two well-maintained units with steady cash flow. The main-level unit offers 2 bedrooms, 1 bath, a large kitchen, spacious living room, and basement access. The upper-level unit includes 1 bedroom, 1 bath and kitchen with plenty of storage. Both units are equipped with private entrances and in-unit laundry, a key amenity for attracting and retaining tenants. Sitting on a large lot, the property not only provides ample, private off-street parking for tenants and guests but also offers future building opportunities for additional income potential. Convenient location near Hwy 65/69, shopping, and dining ensures strong rental demand. Seller financing available, making this a flexible and accessible investment opportunity.
Location
State IA
County Warren
Area Indianola
Zoning R-2
Rooms
Basement Unfinished
Interior
Heating Baseboard, Electric
Cooling Window Unit(s)
Fireplace No
Exterior
Roof Type Asphalt,Shingle
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Indianola
Others
Tax ID 48140350050
Monthly Total Fees $171
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
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