563-568-4170
Since 1960
$360,000.00
174 NE Main St, New Albin, IA 52160
Investment Alert!! Check out this income producing property available in New Albin, IA. This property houses three newly updated apartments along with an event center and commercial kitchen. Updates include new flooring and appliances, new water heaters, furnace, AC and updated electrical and plumbing. Current rental income from the apartments totals $2200/month. The commercial side of the property consists of a bar area, commercial kitchen, covered patio. These was formally a successful bar and is now ready to rent out for events such as birthday parties or bachelor parties. Lots of potential areas to expand - The new owner could consider offering pizza and sandwiches for purchase from those using the splash pad or visiting town. How about opening for breakfast on the weekends? Or hosting a televised sporting event? Turn-key situation with the bar and kitchen. Letter of pre-qualification and minimum 24 hour notice required to view apartments.
MLS ID #:
NBR20244715
Property Address:
174 NE Main St
New Albin, IA 52160
New Albin, IA 52160
County:
Allamakee
Region:
Outside the Metro Area
Year Built:
1900
Property Type:
Residential Income
Sub-Type:
Triplex
Number of Units:
4
Elementary School:
New Albin
Mid/Jr High School:
Lansing
Sr. High School:
Lansing
Date Listed:
October 18th, 2024
Status:
Active
Price:
$360,000.00
Gross Taxes:
$1,982.00
Tenant Responsible:
None
Sale/Rent:
For Sale
Terms/Lease:
Month To Month
Sale/Lease Type:
Normal Sale
Docs on File:
Lead Paint Disclosure
Zoning:
R-1
Legal Desc:
Short - not for legal docs: Lot 125 in New Albin
Laundry:
Laundry Closet
Basement:
Entrance-Inside
Garage Type:
On Street, None
Garage/Parking:
On Street, None
Off-Street Parking:
0.00
Total Fin Sq Ft:
4,400 sq ft
Above Grade Finished:
4,184 sq ft
Lot Sq Footage:
6,000
Lot Dimensions:
50x120
Reg/Irreg:
Reg
Acres:
0.14
Siding:
Wood
Construction:
Wood Siding
Roof Type:
Metal
Utilities Available:
Electric in Rent, Garbage in Rent, Water in Rent
Water Type:
City
Sewer Type:
City Sewer
Fuel Type:
Propane
Water Sep by Unit:
No
Elec Sep by Unit:
No
Heat Sep by Unit:
No
Cooling:
Central Air
Flood Plain Class:
C/X - Not in Flood Plain
Listing provided courtesy of Keller Williams Legacy Group.Listing Agent: Barbara Smed
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