RARE INVESTMENT OPPORTUNITY Excellent income $1,370 a month from this well-built fully rented 3,500 sq. ft. 4-unit property in convenient location, close to major amenities. Tenants pay all utilities. Radiator heat. Although currently spacious 1 bed apartments, 3 of the 4 apartments could be upgraded to have a 2nd bedroom = higher income. Some infrastructure updates needed. Roof new in 2005, exterior painted 2010. Mostly wood floors, some carpeted. Very solid stone/block foundation. Coin washing machine. Big porch for bikes etc. East-facing. Close to Everybody's, BP gas station, Sondheim Center, Courthouse. Owner can live 'free' in one unit. Alley to south with parking. Full feature sheet available from list office. All expenses for 2012.
Great investment property or can be turned back into single family home. 2 BR, 1 BA on main floor. Also features new carpeting and freshly painted. Upstairs apartment has kitchen, bedroom, living room and bath. Appliances for both are included. Newer mechanicals and roof was put on in 2007. Great condition.
Strong rental history with room to increase rents. Electric HVAC (Wall-Mount Units) and low landlord utilities. New vinyl siding, New Roof, New Downspouts & Scuppers. Most units and all common area recently carpet replaced.
Size Upon Req.$299,000
14 lot Mobile Home Park. ( 2 Acres.) Adjacent additional 2 Acres with 23 room Motel also available. 4 Acres total possible for developement, or continue successful operation. (sellers spouse is ne. licensed real estate agent) This is a great opportunity for a large partial in the best growing area of Council Bluffs. New 4 lane with huge traffic count.
The Willow Park Apartments is a 300 unit property consisting of 10 apartment buildings with 30 units in each building. There are a total of 72 one bedroom units, 228 two bedroom units and 124 garages. The property was built in 1976 and 1977. The owner has owned the property for 15 years. The buildings have attractive 3 story above ground designs. The property also includes land for another 60 units. Some of the features include attractive floor plans, air conditioning, walk-in closets (2BR's), large living room, dining room (most units), garbage disposal, electric stove, refrigerator, dishwasher, cable ready, blinds, patios or decks, laundry facilities on each floor, controlled access, exercise room,sauna, business center, community room, playground, picnic area, swimming pool, tennis courts, basketball courts and volleyball court. The tenants pay all their electric including their electric heat, water, trash, and gas for hot water. The property has received $3,384,480 in capital improvements in the last 15 years.
Excellent income for right buyer. (2) Street Level commerical units (1,200 SF each), (5) Two bedroom. (700 SF each), (1) One bedroom. (500 SF), (2) Efficiences, 2nd Floor former skating rink with hardwood floors (3,700 SF) Warehouse/Garage (3,700 SF), building footprint: 50 x 130, All brick Art Deco building, All Electric Apt. (heating and stoves), Updated kitchens and appliances, Hardwood floors, Original Woodwork, Large windows, many updated with Low-E Argon glass, New lighting and ceiling fans, Vintage claw footed bathtubs, Arched Doorways, Scenic Country Views, Spectacular Sunsets 10% RETURN, EXCELLENT INCOME FOR RIGHT BUYER, OWNERS WANT TO RETIRE.
ELIMINATE MAINTENANCE CALLS ALL TOGETHER!!!! Income producing properties in Iowa. Properties is under a Land Contract. This means the property is being sold to the tenant on a promissory note. You will hold the deed to the property until and if the tenant fulfills the terms of the land contract. This is better than owning rental property as the tenant is responsible for all maintenance. We currently have a company that is servicing the payments on these payments. You can continue to use them or start collecting payments yourself. Please email me with specific questions if you are interested!!! Please do not send the standard email that says "send me more information." I am happy to provide answers to your specific questions.
10,500 SFPrice Upon Req.
Absolute Auction thru Auction Point. Sale included 20 1 bedroom apartments and a coin operated laundry that is open to the public.
(4) all brick 5 - plex buildings in a quiet community, twenty units total with a unit mix of (9) one bedrooms and (11) two bedrooms. Common coin-op laundry in all buildings. Tenants pay all utilities including trash. Appraised Value $410,000 as of November 2013. On-site manager and possible terms available.