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Key Details
Sold Price $282,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $83
Subdivision Original Town
MLS Listing ID 22410934
Sold Date 09/27/24
Style Other
Bedrooms 8
Construction Status Not New and NOT a Model
HOA Y/N No
Year Built 1976
Annual Tax Amount $1,478
Tax Year 2022
Lot Size 0.810 Acres
Acres 0.81
Lot Dimensions 10,000
Property Sub-Type Quadruplex
Property Description
Discover an incredible investment opportunity with this Four-plex located in Shelby, Iowa, just 35 minutes from downtown Omaha. Perfect for expanding your investment portfolio or for house hacking. Each featuring 2 bedrooms, 1 full bathroom, spacious living rooms, and eat-in kitchens complete with a stove and refrigerator. The units are separately metered for electricity, and tenants have access to a shared utility room with a coin-operated washer and dryer on the lower level. Fully occupied and generating a gross rental income of $3,300 per month, there is potential to increase rents to market value and implement a RUBS (Ratio Utility Billing System) for additional income. Ample parking is provided for tenants. A new water line was recently installed. With immediate rental income and potential for increased profitability, this property is a fantastic opportunity.
Location
State IA
County Shelby
Area Shelby
Rooms
Basement Daylight
Interior
Heating Forced Air
Cooling Central Air
Heat Source Gas
Laundry Below Grade
Exterior
Exterior Feature Other
Parking Features None
Fence None
Building
Foundation Concrete Block
Lot Size Range Over 1/2 up to 1 Acre
Sewer Public Water
Water Public Water
Construction Status Not New and NOT a Model
Schools
Elementary Schools A-H-S-T
Middle Schools A-H-S-T
High Schools A-H-S-T
School District Other
Others
Tax ID 832900001012
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with NP Dodge RE Sales Inc Co Bluff