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420 Water ST Center Point, IA 52213
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Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,108 sqft
Price per Sqft $71
MLS Listing ID 2403461
Sold Date 03/07/25
HOA Y/N No
Total Fin. Sqft 5108
Year Built 1948
Annual Tax Amount $4,635
Lot Size 0.579 Acres
Acres 0.579
Property Sub-Type Multi Family
Property Description
Hard to find 8 plex in Center Point IA. This property has one large 2 bedroom unit, three regular 2 bedroom units, and four 1 bedroom units. It also has a 1 stall garage. This building has great rental history. Tenants have been long term and the owner-manager has done a very good job placing tenants. Currently all but one apartment are occupied and the final apartment is undergoing renovations.
Tons of updates and Capex improvements have been made by the current owner. This includes new kitchens, bathrooms, fixtures, etc. There is a laundry room on site that is plumbed and wired for two washers and two dryers. The owner was planning on installing a Shinepay/Smart Coin Box type system. Between the below market rents and the laundry addition this property has plenty of room to increase monthly income!"
Location
State IA
County Linn
Area Ot-E (East Of I-380)
Interior
Interior Features Storage
Fireplace No
Exterior
Utilities Available Separate Meters
Water Access Desc Public
Garage Yes
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Centerpt/Urbana
Middle Schools Centerpt/Urbana
High Schools Centerpt/Urbana
Others
Tax ID 05094-29006-00000
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Bought with Pinnacle Realty LLC