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. Tons of updates and capex improvements have been done in the last few years.
Details
Address: 420 Water Street
City & State: Center Point, IA 52213
Current Price: $395,000
Lot Size: 0.58 Acres
Cap Rate: 7.7%
Year Built: 1948
Property Highlights
Sale Price: $395,000
Building Size: 5,108 SF
Price / SF: $77.33