Residential Income, Quadruplex - Burlington, IA
Investment Opportunity – 4-Unit Apartment Building Near Downtown. Excellent investment property offering strong income potential with immediate cash flow and value-add opportunities. This 4-unit apartment building features two lower-level 1-bedroom units, both leased at $750/month. Unit B has been recently updated with fresh paint and luxury vinyl plank flooring, enhancing its appeal to residents. The upper level includes a vacant studio (Unit C) and a vacant 2-bedroom unit (Unit D), providing an opportunity to increase rental income. When fully leased, the property has a potential gross monthly income of $3,175. The owner currently pays for electric and water, while tenants are responsible for gas, helping to manage operating expenses. The property also features newer HVAC systems and water heaters, reducing maintenance costs. Additionally, there is a detached garage that was previously...
Investment Opportunity – 4-Unit Apartment Building Near Downtown. Excellent investment property offering strong income potential with immediate cash flow and value-add opportunities. This 4-unit apartment building features two lower-level 1-bedroom units, both leased at $750/month. Unit B has been recently updated with fresh paint and luxury vinyl plank flooring, enhancing its appeal to residents. The upper level includes a vacant studio (Unit C) and a vacant 2-bedroom unit (Unit D), providing an opportunity to increase rental income. When fully leased, the property has a potential gross monthly income of $3,175. The owner currently pays for electric and water, while tenants are responsible for gas, helping to manage operating expenses. The property also features newer HVAC systems and water heaters, reducing maintenance costs. Additionally, there is a detached garage that was previously rented for extra income but is currently vacant, offering further income potential. Conveniently located near downtown, shopping, and public transportation, Seller is a licensed real estate agent in the State of Iowa.
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109 South Marshall
