206 W Main Street

Clarinda, IA,

Clarinda, IA,
    $94,900
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    Basics

    • Date added: Added 4 weeks ago
    • Category:
    • Status:
    • Lot size: 10018.8 sq ft
    • Year built: 1900
    • County: Page
    • Acres: 0.23 acres
    • Price Per SQFT: $25.89
    • Current Use: Other,Residential
    • DOM: 0
    • MLS ID: 6323216

    Description

    • Description:

      This 7-plex apartment building for sale features a diverse mix of units, comprising 4 one-bedroom apartments and 3 studio apartments, making it an appealing investment opportunity. Nestled in a vibrant neighborhood, the building boasts a classic exterior with a welcoming entrance and is surrounded by local amenities, enhancing its attractiveness to potential renters. The interior of the building is functional, but it does require some work to maximize its potential. Updates such as modernizing the kitchens and bathrooms, improving flooring, and freshening up the paint can significantly boost the appeal of the units. Despite the needed renovations, the property currently generates a strong income, indicating a solid demand for rental housing in the area. The ideal buyer will appreciate the potential for increased rental income post-renovation. Additionally, the availability of owner financing provides a unique opportunity for investors, enabling them to purchase the property with more flexible terms than traditional financing. This combination of current income, renovation potential, and financing options makes this 7-plex a compelling investment for those looking to grow their real estate portfolio.

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    Location

    Building Details

    • Garage Stalls: 1
    • Water: City Water/Connected

    Amenities & Features

    • Available Utilities: Heating Common
    • Style: Apartment
    • Parking Characteristics: Other
    • Exterior: Wood
    • Heating: Radiant
    • Sewer: City Sewer/Connected

    Miscellaneous

    • Association: WCIR
    • Yearly/Seasonal: Yearly
    • Contingency: None
    • Accessible: Other
    • Fuel: Natural Gas

    Fees & Taxes

    • Tax Year: 2022
    • Net Taxes: $1,092

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    This style property is located in Clarinda is currently and has been listed on 1st Rate Real Estate. This property is listed at $94,900. It has bedrooms, bathrooms, and is . The property was built in 1900 year.

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