18 S 5th St, Albia, IA 52531

$250,000
5,208
SqFt

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List Price
$250,000
Status
ACTIVE
MLS#
6339077
Subtype
Residential Income
Year Built
1974
Living Area
5,208

Property Description

Don't miss this excellent investment opportunity with this fully occupied 4-plex offering immediate rental income and long-term potential. The property features a desirable unit mix of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units, appealing to a wide range of tenants. Each unit is equipped with its own washer and dryer, adding convenience and increasing tenant satisfaction. With a strong rental history and consistent occupancy, this is an ideal property for both first-time investors and seasoned landlords looking to expand their portfolio. Tenants enjoy ample off-street parking and a spacious shared courtyard complete with a basketball hoop and picnic table, creating a welcoming outdoor space for recreation and relaxation. Whether you're looking to grow your investment holdings or secure a reliable income-producing property, this well-maintained 4-plex is a rare opportunity to own a proven income-producing asset.

Additional Information

Taxes
$2,246
Heating
Baseboard
Stories
2

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Pride Ottumwa.