$195,000.00

5 E Main StWaukon, IA 52172

  • 5 E Main St, Waukon, IA
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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