Iowa Apartment Association
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1003 1st St, Grundy Center, IA 50638

Multiple Family / 8 Bedroom(s) / 4 Bath(s)

Property Status:  Not Available | $65,000.00 (Wholesale) | 


Property Photos


Wholesale - Multifamily Home in Grundy Center, Iowa


Property Status:
Not Available | $65,000.00 (Wholesale)
Property Details:
Multiple Family / 8 BR / 4 BA
Property Style:
2-Story
Year Built:
1980
Finished Sq Ft:
3,364
Basement:
Finished Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
Ark II Real Estate Solutions, LLC
(319) 277-2664

View on Individual's Website
Property Description:
Great Investment Opportunity.   ARV $180,000 as Single Family         $350 - $400,000 as Multi-Family Full Rehab Needed - Repair Estimate $75,000 as Single Family - 1682 sq ft, 4 bedroom.  Leave basement and gym unfinished.$150,000 as Multi Family 5756 sq ft. (1-4 bedroom, 3-3 bedroom).  Each apartment would be about 1,400 sq ft. Rents in Grundy Center4 Bedroom - $1000 - $1300 / month3 Bedroom - $850 - $1000 / monthThis is a great opportunity as an income property.  The basement was built 1/2 above ground and has legal windows around the perimeter.  Currently a single family, 4 bedroom, 2 bath upstairs and 2 - 2 bedroom apartments downstairs.  The 46 x 26 portion of the house was never finished and served a the kids gym.  Will need a new roof.  There is a leak into the master bedroom between the main house and the gym.  There is mold about 3x8 ft towards the front of the house and 2x4 on the back 1st floor.  Some mold on the front basement below the main leak on the first floor.  The deck on the front should be replaced.  Some broken windows, all windows original.  The gym will need a floor between the basement and upper story.  The furnace for the main house works, but is original.  The one for the basement stopped working causing pipes to burst in one apartment.  The drywall was removed and there appears to be no mold.  There are two central air conditioners, both do no work.  Everything else is just outdated.

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Iowa Apartment Association is not responsible nor will be held liable for the property or the information listed here.

Iowa Apartment Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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Iowa Apartment Association

1819 Beaver Ave Unit 30146
Des Moines, IA 50310-3815
(515) 274-0300

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