604 S Main Street

COMMERCIAL (5+ UNITS)IowaJefferson CountyFairfield52556604 S Main St, Fairfield, IA 52556, USA

604 S Main St, Fairfield, IA 52556, USA

604 S Main St, Fairfield, IA 52556, USA
    $269,000
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    Basics

    • Date added: Added 8 hours ago
    • Category:
    • Status:
    • Floors: Carpet,Vinyl/Linoleum
    • Lot size: 33976.8 sq ft
    • Year built: 1900
    • County: Jefferson
    • Acres: 0.78 acres
    • Price Per SQFT: $77.75
    • Current Use: Residential
    • DOM: 1
    • MLS ID: 6325610

    Description

    • Description:

      Situated on a picturesque 3/4 acre lot in a well-established neighborhood, this east facing property appeals to investors looking for positive cash flow, as well as to those who appreciate the character and charm of an older home ! Opportunity abounds as it is currently set up as an income-generating 5-plex, or you could live in 1 unit while the other rentals pay your living expenses. The building has been lovingly updated with a new exterior paint job, newer metal roof, plumbing and electrical upgrades, updated bathrooms to 4 of the 5 apartments and some updated kitchens. One of 5 units needs some finishing touches with a choice of flooring and kitchen details. For those searching for a project, you could turn this back into a glorious single-family residence, just as it once was. Surrounded by other beautiful houses, the lot and location is well-suited for your forever home! The property also features some of the most beautiful trees in town- a rarity which can't be matched! There is an amazing attic space begging to be turned into a stunning primary suite, ping pong room or flex space. Two of the 5 apartments are rented with year leases. There are 3 garage spaces with a large area for additional off street parking. The tenants pay there own electric. Their rent includes heat and water. Ask your agent for the income and expense sheet. The Principals of the LLC that owns the property are related to the listing agents. Tenants need 24 hours to show. Call for a viewing today.

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    Location

    • Lot Description: Tree Coverage - Light

    Building Details

    • Garage Stalls: 3
    • Water: City Water/Connected,Shared System
    • Building Total SqFt: 3460 sq ft
    • Basement:
    • Roof:

    Amenities & Features

    • Available Utilities: Electric Separate
    • Style: Apartment
    • Air Conditioning: Window
    • Appliances: Range,Refrigerator,Washer,Dryer,Electric Water Heater
    • Parking Characteristics: Detached Garage,Driveway - Gravel
    • Exterior: Wood
    • Heating: Hot Water
    • Sewer: City Sewer/Connected
    • Amenities Shared: Other

    Miscellaneous

    • Association: SEIA
    • Yearly/Seasonal: Yearly
    • Contingency: None
    • Land Lease: 0
    • Accessible: None
    • Road Responsibility: Public Maintained Road
    • Fuel: Natural Gas
    • Expenses: $11,560
    • Expense Insurance: $3,900

    Fees & Taxes

    • Tax Year: 2022
    • Net Taxes: $2,792
    • Expense Electric: $288

    Inquire About This Property

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    This style property is located in Fairfield is currently and has been listed on 1st Rate Real Estate. This property is listed at $269,000. It has bedrooms, bathrooms, and is . The property was built in 1900 year.

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