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204 3RD ST SW RAKE, IA 50465
- Townhouse or Condo / Resale (MLS)
Property Details for 204 3RD ST SW, RAKE, IA 50465
Features
- Lot Size: 75794
- Total Units: 8
- Stories: 1
- Roof Type: Shingle (Not Wood)
- Heating: Forced Air Heating
- Exterior Walls: Brick veneer
Facts
- Year Built: 01/01/1970
- Property ID: 941671993
- MLS Number: 6319790
- Parcel Number: 0116177001
- Property Type: Townhouse or Condo
- County: WINNEBAGO
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Turnkey 8-unit apartment with positive cashflow on Day 1 and additional upside. The deal includes two 4-unit buildings side-by-side on a 1.74 acre lot. All units have received recent updates including fresh paint, new flooring, and new plumbing. Many also have new kitchen cabinets and bathroom updates. Good tenants with in-house management in a nice, stable small town. Room for increasing rents without major updates. Call today for a showing!
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Property Brokerage:
First Choice Realty
250 N Clark St
Forest City
IA
50436
Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.