451 N 10th Street
Property Description
This property is a duplex that can serve as a dynamic investment opportunity or a multi-generational home. Located within walking distance of Kinnick-Feller Riverside Park and just a few blocks from Main Street in Adel, this home has been updated and features low-maintenance exteriors. Each unit is over 1400 sq ft and has fresh LVP flooring and carpeting throughout and a large, open concept living area. The kitchen has been updated with new cabinetry and modern appliances. Each unit has three bedrooms with spacious closets and bath. The baths have been updated with new vanities, storage, and handicap accessible showers. The laundry room is complete with a washer, dryer, and utility sink. A bonus lot of 0.5 acres is included with this property, attached to the South. It has already received preapproval from the City of Adel to build two more duplex units. Additionally, the buyer is extending an opportunity to purchase the tractor, trailer and equipment seen in the photos. The units also include many handicap features, making them eligible for government-assisted rent programs. With plenty of parking and a convenient location, this property has room to expand income-earning opportunities for a new buyer.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $330,000 |
| Year Built: | 2009 |
| Lot Size: | 2,904.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 2 |
ID: 3yd-DMAARIA-749688
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout