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$229,000
Est. payment /mo
2,613 Sqft Lot
Price Dropped by $30K
218 Main Street Mcgregor, IA 52157
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Daniel Bertelson
danielbertelsonbroker@chime.meUPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2016669
Year Built 1890
Annual Tax Amount $1,902
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Property Description
INVESTMENT OPPORTUNITY IN DOWNTOWN MCGREGOR! Located right on Main Street, this mixed-use property offers multiple income streams with commercial space on the main level and three residential apartments. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Whether you're looking to expand your rental portfolio, operate your own business while generating rental income, or take on a value-add investment, this property offers plenty of potential in the heart of historic McGregor. The property is currently being offered AS-IS and has been priced to reflect its present condition. Known roof leakage is present, and the seller is offering buyers the opportunity to purchase at the current price before repairs are completed. If the seller elects to complete repairs, the listing price is subject to increase accordingly. Bring your ideas and take advantage of the opportunity to purchase this versatile Main Street property at its current AS-IS price.
Location
State IA
County Clayton
Zoning Commercial
Rooms
Basement Full
Interior
Heating Lp Gas, Lp Gas
Cooling Forced Air
Inclusions Washer, Dryer, Microwave, 3 Stoves, 3 Refridgerators, window ac
Exterior
Exterior Feature Brick
Utilities Available Separate Electric Meters, Separate Gas Meters
Building
Dwelling Type Apartment Building,2 Story
Story 1 - 2
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Call School District
Middle Schools Call School District
High Schools Call School District
School District Mfl Mar Mac
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Daniel Bertelson