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!

Quad-plex
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.

CONTACT LISTING OWNER

Get direct access to the seller

Save as Favorite
Write a Note

Ask the Seller

Questions on 508 E McGregor St, Algona IA

Waiting for the seller to respond your question.

This form is for general questions only. Asking for personal information is not allowed.

Nearby Deals

Some random deals around the area (18)

Hundreds of properties in Iowa! Check Deals in Iowa