309 E MAIN ST DECORAH, IA 52101

Features

• Price/sqft: $82
• Lot Size: 8364 sq. ft.
• Total Units: 4
• Stories: 200
• Roof Type: GABLE
• Heating: Steam Heating
• Construction Type: Frame

Facts

• Year Built: 01/01/1890
• Property ID: 874615956
• MLS Number: 20241353
• Parcel Number: 111531200300
• Property Type: Multi-family (5 or more units)
• County: WINNESHIEK
• Legal Description: LOT 1 & E 15' LOT 2 BLK 37 ORIG DECORAH
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Invest in income producing assets! This 4 plex is an excellent opportunity to reap the rewards of capital accumulation with relatively low risk. Great location one a corner lot only blocks from downtown. Unit 1: 2 bedroom $634/month, 16 year resident with 1 car detached garage. Unit 2: recently updates, vacant, advertised at $750/month Unit 3: recent updates, vacant, advertised at $750/month Unit 4: Studio/1 bedroom, long term resident, $535/month Landlord pays gas, water, sewer, garbage, each apartment electric is metered separately. Updated gas boiler heat. Coin opp laundry in the basement. Annual PRI $32,028. For the price of single family homes in Decorah, this is a bargain. Excellent opportunity to start out building wealth by living in one of the apartments while the mortgage is paid for by the other rent income. 24 hour notice and financial commitment letter required prior to showings. Some 3rd party sites may not get your inquiry request through to the correct agent, reach out to an agent directly for more information. Call today for a consultation on how to make this work for you!