109 S Marshall Street

Burlington, IA 52601

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,816 Sqft
  • 6969.6
    Sqft(Lot)
$169,999

Description

Investment opportunity – 4-unit apartment building near downtown. excellent investment property offering strong income potential with immediate cash flow and value-add opportunities. this 4-unit apartment building features two lower-level 1-bedroom units, both leased at $750/month. unit b has been recently updated with fresh paint and luxury vinyl plank flooring, enhancing its appeal to residents. the upper level includes a vacant studio (unit c) and a vacant 2-bedroom unit (unit d), providing an opportunity to increase rental income. when fully leased, the property has a potential gross monthly income of $3,175. the owner currently pays for electric and water, while tenants are responsible for gas, helping to manage operating expenses. the property also features newer hvac systems and water heaters, reducing maintenance costs. additionally, there is a detached garage that was previously rented for extra income but is currently vacant, offering further income potential. conveniently located near downtown, shopping, and public transportation, seller is a licensed real estate agent in the state of iowa.

  • Property Type

    Quadruplex

  • County

    Des Moines

  • Style

    Quadruplex

  • AD ID

    48579631

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All listings featuring the "Iowa AOR" as the source are provided by "Iowa AOR - IAMLS". This information is not verified for authenticity or accuracy and is not guaranteed.

BuyOwner last updated this listing 02/22/2025 @ 01:52

  • MLS: 6324864
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Iowa AOR - IAMLS

is a Other, with 0 bedrooms which is for sale, it has 2,816 sqft, 6,970 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Burlington , in zip code 52601, this Des Moines County Other , it is in the IA Subdivision, are nearby neighborhoods.