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601 N 1st Street Indianola, IA 50125
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Key Details
Sold Price $145,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,524 sqft
Price per Sqft $95
MLS Listing ID 719413
Style Two Story
Bedrooms 4
Full Baths 2
Year Built 1890
Annual Tax Amount $2,053
Tax Year 2023
Lot Size 7,405 Sqft
Property Description
Prime Investment Opportunity Near Simpson College & Indianola Square. This fully rented, income-producing property features two well-maintained units with steady cash flow. The main-level unit offers 2 bedrooms, 1 bath, a large kitchen, spacious living room, and basement access. The upper-level unit includes 1 bedroom, 1 bath and kitchen with plenty of storage. Both units are equipped with private entrances and in-unit laundry, a key amenity for attracting and retaining tenants. Sitting on a large lot, the property not only provides ample, private off-street parking for tenants and guests but also offers future building opportunities for additional income potential. Convenient location near Hwy 65/69, shopping, and dining ensures strong rental demand. Seller financing available, making this a flexible and accessible investment opportunity.
Location
State IA
County Warren
Area Indianola
Zoning R-2
Interior
Heating Baseboard, Electric
Cooling Window Unit(s)
Exterior
Roof Type Asphalt,Shingle
Building
Sewer Public Sewer
Water Public
Schools
School District Indianola
Others
Monthly Total Fees $171
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
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Bought with Keller Williams Realty GDM
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