$195,000.00

5 E Main St, Waukon, IA 52172

  • 5 E Main St, Waukon, IA
Print Listing
Investor Alert!! This business opportunity offers both commercial rental income and potential for both short or long term housing rentals. High visibility intersection in downtown Waukon - right at the stoplight! Six small businesses occupy the building. The sellers have poured money, time, sweat and vision into creating attractive business spaces in a cornerstone building in the center of Waukon! Currently netting $21,800 annually, with $27,000 gross income and expenses of $5196. The lower levels are fully occupied. Each tenant pays for their own heat and electric. Landlord pays for water. Upper level is a work in progress. There are six apartments with a long term plan of creating space for short-term rentals. Currently unoccupied as they are under construction. There have been six replacement windows installed in the upper level. Owner has additional replacement windows that will convey to a buyer to install. Seller occupied business space will be vacated for new owner to use as desired. Qualified buyers may see the property with minimum 24 hour notice, during business hours. Central air to most units. Lower level and middle unit on main do not have central air. Seller is a licensed real estate agent in the State of Iowa.
MLS ID #:
NBR20230192
Property Address:
5 E Main St
Waukon, IA 52172
County:
Allamakee
Region:
Outside the Metro Area
Year Built:
1888
Property Type:
Residential Income
Sub-Type:
Multi-Family 5+
Number of Units:
6
School:
Allamakee
Date Listed:
January 15th, 2023
Status:
Active
Price:
$195,000.00
Gross Taxes:
$3,113.00
Gross Income:
$21,000.00
Net Op Income:
$27,000.00
Operating Expense:
$5,196.00
Water/Sewer Expense:
$640.00
Tenant Responsible:
Electricity, Garbage Pick-up, Gas, Heat, Snow Removal
Sale/Rent:
For Sale
Terms/Lease:
Month To Month
Sale/Lease Type:
Normal Sale
Docs on File:
Aerial Photos
Zoning:
C
Legal Desc:
per abstract
Laundry:
2nd Floor
Basement:
Entrance-Outside
Garage Type:
Street Parking, None
Garage/Parking:
Street Parking, None
Off-Street Parking:
0.00
Total Fin Sq Ft:
8,804 sq ft
Fin Below Grade:
4,402 sq ft
Above Grade Finished:
4,402 sq ft
Lot Sq Footage:
4,823
Lot Dimensions:
82.5x148.5
Reg/Irreg:
Reg
Acres:
0
Siding:
Brick
Construction:
Brick
Roof Type:
Rubber
Utilities Available:
Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Water in Rent
Water Type:
City
Sewer Type:
City Sewer
Fuel Type:
Natural Gas
Water Sep by Unit:
No
Elec Sep by Unit:
Yes
Heat Sep by Unit:
Yes
Cooling:
Central Air
Flood Plain Class:
C/X - Not in Flood Plain
Realtor/Equal Housing Lender Listing provided courtesy of Keller Williams Legacy Group.
Listing Agent: Barbara Smed & Daneela McKee
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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