4 Plex Rental Property Cash Flowing in Algona IA

508 E McGregor St, Algona, IA 50511

$95,000 After Repair Value -
$78,700 Asking Price -
$15,000 Cost of Repairs =
$1,300 Potential Profit

Property Details

Asking Price $78,700

After Repair Value $95,000

Costs of Repairs $15,000

Potential Profit $1,300

Living Area 3611 ft2

Property Type 4-Plex

Bedrooms 6

Bathrooms 4

Half Bathrooms 0

Parking 1

Listed with Agent No

Property Description

Great investment opportunity!

3 of the 4 apartments are rented for $1255/mo ($480,$ 200, $575) and the last one after remodeling can be rented for $600/mo.

Apt 1 has 2 bed,
Apt 2 has 1 bed,
Apt 3 has 1 bed and loft,
Apt 4 has 2 bed.

The roof needs to be done but no leaks, in the process of updating two units and tearing the porch down to build a deck.

Great return as-is even before remodeling.

Asking price $78,700

First come first serve.
Serious Buyers Only!

Repairs Needed

Needs cosmetic repairs to increase rents.


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