918 Smith Street Woodburn, IA 50275
4 Beds
4 Baths
2,520 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $63
MLS Listing ID 736256
Style Ranch
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1977
Annual Tax Amount $1,610
Lot Size 0.387 Acres
Acres 0.387
Property Description
Attention investors! Discover the perfect "high-yield, low-entry" addition to your portfolio. Situated in the quiet community of Woodburn, just 10 minutes east of Osceola and I-35, this well-maintained four-plex offers immediate cash flow with a history of strong occupancy and low overhead.
Smart Layout: This ranch-style building features four identical 1-bedroom, 1-bathroom units. The single-story design is highly attractive to long-term tenants seeking easy accessibility and no stairs.
Solid Construction: Built in 1977 on a durable slab foundation, the exterior features a low-maintenance brick and frame combination.
Investor Details:
Income: Unit 1: $500, Unit 2: $625, Unit 3: $625, Unit 4: $600, Coin operated laundry: $125
Expense: Water: $125, common area electric: $120, trash: $38
Highlights: No rental inspections, some recent window upgrades, one completely remodeled unit.
All information obtained from seller or public record.
Location
State IA
County Clarke
Area Woodburn
Zoning R
Interior
Heating Baseboard, Electric
Cooling Window Unit(s)
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Laundry Main Level
Exterior
Utilities Available Electricity Available, Natural Gas Available
Roof Type Asphalt,Shingle
Private Pool No
Building
Foundation Block, Slab
Sewer Septic Tank
Water Public
Schools
School District Clarke Community
Others
Tax ID 02638
Monthly Total Fees $134
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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