This multi-family property will make a great addition to any investor’s portfolio. Good cash flow with 6 units bringing in $2,865/month. The property consists of a 5 unit apartment building, a 1 bedroom home and a 1,712 sq.ft. garage/storage building all on a large corner lot. The three main floor apartments each have 2 bedrooms, living room, kitchen, full bath and all share the basement with washer/dryer hookups. One 2nd floor apartment has 2 bedrooms with washer/dryer in the full bath. The other upstairs apartment is good size with 3 bedrooms, newer carpet and a stack washer/dryer in the full bath. The 1 bedroom, 1 bath, 560 sq.ft. rental house sits on its own parcel to the south of the 5-Plex. It has a full basement with washer/dryer hookups. Each tenant pays their own electric. Landlord pays gas, garbage, sewer and electric for the basement. Water is provided by a private well. Water softener plus iron curtain and brine injection system to prevent smells and rust are provided for 5-Plex and house both.
MLS ID #:
5063 & 5087 Main Street Oran, IA 50664
Outside the Metro Area
Five or More Units
Number of Units:
September 2nd, 2020
Terms of Tenancy:
Month to Month, Over 9 Months
Docs on File:
Aerial Photo, Lead Paint Disclosure, Legal Description, Sellers Disclosure
Listing provided courtesy of RE/MAX Independence Realty. Listing Agent: Curt Martin
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