Kurt Johnson
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Fantastic investment opportunity with strong rental income and major updates already completed. This 8-plex offers a mix of units - six 1-bedroom apartments one 2-bedroom, and one 3-bedroom providing steady cash flow from day one. The building needs some TLC, but the upside is tremendous for anyone looking to add value and increase returns. Major mechanical updates have already been handled, including a new 2025 steam boiler, updated electrical, and updated plumbing, giving you a solid foundation to build on. With cosmetic improvements and strategic upgrades, this property has the potential to become a high-performing asset in your portfolio. Endless possibilities for the savvy investor ready to capitalize on a multi-unit building with proven income and room to grow.
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 5,301
Garage Size: 2
Built in 1900
General Information
Bedrooms: 11
Bathrooms: 8
Sqft: 5,301
County: Wapello
Subdivision: FERREE MUIRS ADD
Listed By:
Bridge City Realty
641-684-1234
No Coast MLS
MLS ID: 6342916
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424 N Court Street, Ottumwa, IA 52501.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $64,900 | $64,900 | $64,900 |
| Down Payment | $12,980 | $2,272 | $16,225 |
| Monthly Mortgage Amount | $359 | $429 | $427 |
| Taxes | $90 | $90 | $90 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $29 | $0 |
| Monthly Estimated Total | $549 | $648 | $617 |
Kurt Johnson
REALTOR®
Office: (563) 441-5038
Cell: (563) 343-0675
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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