1520 W Main Street

    Ridgeway, IA 52165
    • $199,000
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: 20193706
    UPDATED: 36 min ago
    $199,000
    • 0
      BEDS
    • 4.92
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,882
      SQFT
    • $51
      $/SQFT
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    HUGE Investment Opportunity located right on the heavily traveled Hwy 9 between Decorah and Cresco! This one is a no-brainer folks. This property already has a four-plex apartment building with potential per month rent of $1600-$2000 but the bonus is the 4.76 acres of bare land with highway access. The travel count per day is 2,600 vehicles so this could be a prime spot for numerous businesses. The owners and I talked about a potential truck stop as a great possibility. With the way Ridgeway is growing it could also be a new housing subdivision as it is adjacent to the softball field. Currently two of the four one bedroom apartments are leased and the other two could be easily leased but this property is in an estate and the owners would like to sell it quickly. The new owner(s) can choose their renters or how they would like to run the property.

    Monthly Payment Calculator

    Listing information © 2019 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2019-08-22T19:53:29.987.
    www.cedarvalleyhomesforsale.com/homes/96947052

    1520 W Main Street Ridgeway, IA 52165

    • Price: $199,000
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 20193706
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.92
    Acres
    3,882
    SQFT
    $51
    $/SQFT
    1900
    Built
    County:
    Winneshiek
    Area:
    Winneshiek
    Elementary School:
    Crestwood
    Middle School:
    Cresco
    High School:
    Crestwood
    Property Description
    HUGE Investment Opportunity located right on the heavily traveled Hwy 9 between Decorah and Cresco! This one is a no-brainer folks. This property already has a four-plex apartment building with potential per month rent of $1600-$2000 but the bonus is the 4.76 acres of bare land with highway access. The travel count per day is 2,600 vehicles so this could be a prime spot for numerous businesses. The owners and I talked about a potential truck stop as a great possibility. With the way Ridgeway is growing it could also be a new housing subdivision as it is adjacent to the softball field. Currently two of the four one bedroom apartments are leased and the other two could be easily leased but this property is in an estate and the owners would like to sell it quickly. The new owner(s) can choose their renters or how they would like to run the property.
    Exterior Features

    Exterior Wood Lap Exterior Amenities Rv Parking Garage Stalls 1 Garage Type Attached Lot Irreg Lot Description Buildable SiteCorner Lot Lot Dimensions 100 X 70 Off Street Parking Spaces 5 Parking Parking SpacesPaved Road Frontage Hard Surface RoadPaved Road Frontage Roof Type Asphalt Siding Wood Stories And Style 1 StoryQuadruplex

    Interior Features

    Basement Stone/Earthen Cooling Window Unit Heat Type Forced Air Laundry Laundry Room Sq Ft Down 448 Sq Ft Main 3434 Sq Ft Second Level 448 Sq Ft Third Level 0 Unit1 Baths 1.5 Unit1 Bedrooms 1 Unit2 Baths .75 Unit2 Bedrooms 1 Unit3 Baths .75 Unit3 Bedrooms 1 Unit4 Baths .75 Unit4 Bedrooms 1

    Property Features

    Assessed Value 88040 Documents On File Aerial PhotoLead Paint Disclosure Electric Separate By Unit No Finance Type Cash Flood C/X - Not in Flood Plain Fuel Type Natural Gas Gross Income 20400 Gross Income Is Projected Gross Taxes 1862 Heat Separate By Unit No Improvement Rating Not Updated Multifamily Type Fourplex Occupied By Renter Region Outside The Metro Area Sale Type Normal Sale Sewer Type City Tenant Responsible None Terms Of Tenancy Month To Month Unit1 Rent 500 Unit2 Rent 400 Unit3 Rent 400 Unit4 Rent 400 Utilities Available Electric in RentGarbage in RentGas in RentWater in Rent Water Separate By Unit No Water Sewer Expense 0 Water Type City Zoning Hwy-1

    Listing provided courtesy of Emily Koch of Keller Williams Legacy Group.
    Listing information © 2019 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2019-08-22T19:53:29.987.
     
    Amy Wienands Real Estate
    1730 W. Ridgeway Avenue
    Waterloo IA, 50701