527 Broad Street, Story City, IA 50248
This well-maintained commercial/ Multi Family building in Story City presents a fantastic investment opportunity with a mix of commercial and residential income. Please note that photos for two of the apartments are not pictured due to being fully occupied. Please schedule a showing to view.The property features three leased commercial units they are a yoga studio, a business with offices, and a popular pizza restaurant, Additionally, the second story houses four apartments: three one-bedroom units and one spacious two-bedroom unit. Coin laundry is also available on the second story for tenants.The has been recently replaced and comes with a transferable warranty and all four apartments benefit from updated and modern HVAC equipment. Both water heaters have been replaced within the last year. Three of the apartments have been renovated by the current owner, while one retains its original. Two of the commercial units have also been updated under current ownership, while the third remains original. The building features updated electrical and some updated plumbing. Separate utility meters are in place, excluding water. Several of the tenants in this building are long-term tenants.
Listing courtesy of
RE/MAX REAL ESTATE CENTER
MLS #:
68957
Year Built:
1900
Total Living Space:
3586 SqFeet
Lot Size:
0.09 Acres
Total Living Space:
3586 SqFeet
Exterior:
Brick
Heat Type:
Electric
Cool Type:
Central Air
Monthly payments are estimates based on current market rates for a 30-year fixed mortgage with 20% down and 5.0% interest. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.