Adam Edstrom
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Investment opportunity in Atlantic, IA! This 2-story commercial building features 11 apartment units with strong income potential and value-add opportunity. The property includes 8 one-bedroom units, 2 two-bedroom units, and 1 three-bedroom unit, offering a versatile unit mix to attract a variety of tenants. Currently, 5 units are occupied, 3 units are rent-ready, and 3 units are in the process of being remodeled?providing immediate income with room to increase cash flow. Vacant units have received updates including fresh paint, new flooring, and general maintenance improvements. Hallways are also being refreshed with new paint and linoleum flooring, enhancing overall appeal. All apartments include a kitchen refrigerator and stove. Some units share heat while others have separate systems. There is no central air; certain units have window A/C units, and others require tenant-supplied cooling. Whether you're looking to expand your portfolio or step into multifamily investing, this property offers strong potential with ongoing improvements already underway. A great business venture with opportunity to build equity and increase returns!
Property Highlights
Property Type: Commercial - Business
Year Built: 1940
General Information
County: Cass
Listed By:
Audubon Real Estate
712-563-2407
No Coast MLS
MLS ID: 6335998
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17 W 4th Street, Atlantic, IA 50022.
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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 | $550,000 | $550,000 | $550,000 |
| Down Payment | $110,000 | $19,250 | $137,500 |
| Monthly Mortgage Amount | $2,568 | $3,152 | $3,343 |
| Taxes | $765 | $765 | $765 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $242 | $0 |
| Monthly Estimated Total | $3,493 | $4,319 | $4,268 |
Adam Edstrom
REALTOR®
Cell: (563) 210-6814
Licensed in IA & IL
DeWitt Office
903 Sixth Avenue
DeWitt, IA 52742
(563) 659-9433
DeWitt, IA 52742
(563) 659-9433
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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