1146 N Elm St, Ottumwa, IA 52501

Property Description

Looking for your next income-producing investment? This 2-story duplex offers two HUGE units and a rental history that makes it worth a closer look! The property has historically generated $1,600 per month in rental income, making it an opportunity for investors looking to add cash flow to their portfolio. Each unit features 2 bedrooms, a living room, kitchen, and full bath, with exceptionally large rooms that give tenants plenty of space to spread out. The upper unit is currently vacant after the previous tenants moved out of Ottumwa. The owner intentionally left it vacant while the property is listed to make showings easier. Otherwise, the property has historically rented easily, giving the next owner the opportunity to market the vacant unit and work toward restoring the property's full rental income. The property also includes a good-sized yard and a large carport for convenient off-street parking. Tenants pay their own gas and electric, while the owner pays water. Whether you're building your rental portfolio, looking for your next cash-flow opportunity, or considering living in one unit while collecting rent from the other, this duplex offers plenty of potential. Two oversized units, a history of rental demand, and $1,600 per month in historical rental income make this one worth running the numbers on! One of the owners is a licensed real estate agent in the State of Iowa.