BEDS5
BATHS3 full
MLS#831915
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
21 W 1st Street | Spencer, IA Value-add opportunity in Spencer!! This 6-plex offers strong upside for an investor ready to complete renovations and increase cash flow. The property has been partially remodeled, with 2 of the 6 units currently rented, providing immediate income. The remaining 4 units offer the ability to renovate, lease up, and significantly improve overall returns. With improvements already underway, much of the heavy lifting has been started, allowing the next owner to step in and finish the project. Conveniently located near downtown Spencer amenities, this is a prime opportunity for investors looking to build equity and increase long-term cash flow...
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit
Garage: 1
Heating: Baseboard
Lot Size: 0.12 Acres
Taxes: $3,989
Year Built: 1949
Units
Unit Type 1:
Bedrooms: 1
Bathroom Full: 1
Rent: $600
Square Footage: 450
Unit Type 2:
Bedrooms: 1
Bathroom Full: 1
Rent: $600
Square Footage: 550
Unit Type 3:
Bedrooms: 3
Bathroom Full: 1
Rent: $800
Square Footage: 700
Feature Descriptions
Days on Site: 30
Lot: Fixer Upper
Parcel: 19041-963618134010
Rental: No
Sewer: City
SQFT Below Finished: 1192
SQFT Main: 3116
Water: City
Zoning: res
Listed By / Shown By
Listed By
Agency Name: Gateway Real Estate Advisors
Agency Phone: 712-226-8000
Shown By
Agency Title: United Real Estate Solutions
Agency Phone: 712-226-6000
Estimate Your Payment
Estimated Payment
$ 1,407.09 per month $1,023.63 Principal & Interest $332.42 Property Tax $51.04 Homeowner's Insurance
21 W 1st St | MLS# 831915
This multi-family property located at 21 W 1st St, Spencer, IA 51301 is currently listed for sale with an asking price of $175,000. Search Spencer real estate on www.unitedrealestatesolutions.com today.