$110,000.00

1 S Frederick AvenueOelwein, IA 50662

1 S Frederick Avenue, Oelwein, IA
The information asked for in the listing fields can not be fully explained in the space and options given. The 5 apartments rental income is $1600 per month when fully occupied. The apartments usually run over 80% occupancy. The 5 apartments are all electric. No gas. Renters pay electric All apartments have A/C, stoves and refrigerators. There are 2 two bedroom and 3 efficiency apartments. Garbage, sewer and water are included in the rent and paid by landlord. There are coin operated washers and dryers located at 1 ½ S. Frederick. Oelwein’s Premier Downtown Retail Location 1 and 3 S Frederick Ave This, approximately 59’ x 78’, corner store offers over 4200 square feet of first floor area. It also has a good basement for storage with a belt lift. It has a new high-energy natural gas heat and central air conditioning. The store new windows along the 70’ west side to give plenty of room to display goods. The stores utilities are paid by the landlord. Rent is $1,000 per month ($500 each) contact Dennis for financial details of rental units Dennis Martin, Selling agent, is the primary shareholder for Windy Ash Enterprises, Inc., the owner of this building.
MLS ID #:
20212382

Property Address:
1 S Frederick Avenue
Oelwein, IA 50662

County:
Fayette

Region:
Outside the Metro Area

Miles to Highway:
150 AND 3

Year Built:
1900

Property Type:
Commercial

Sub-Type:
Retail

Date Listed:
June 2nd, 2021

Status:
Active

Price:
$110,000.00

Gross Taxes:
$2,886.00

Tax Year:
2019

Multi-Tenant:
Yes

For Lease:
Yes

Lease Type:
Gross

Sale/Lease Type:
Normal Sale

Lease $/Month:
$2,000.00

For Sale:
Yes

Ivestment:
Yes

Zoning:
COMMERCIAL

Legal Desc:
W 57' LOT 25 & 26 PLUS MORE. SEE ABSTRACT FOR FULL LEGAL

Dock Doors:
1

Total Avail Sq Ft:
9,400 sq ft

Total Building Sq Ft:
9,400 sq ft

Warehouse SqFt:
3,500 sq ft

Office SqFt:
1,000 sq ft

Retail SqFt:
4,695 sq ft

Lot Sq Footage:
5358

Acres:
0.1200

Common Area:
Yes

Realtor/Equal Housing Lender Listing provided courtesy of Volga River Realty.
Listing Agent: Dennis Martin
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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