103 Carolina Street, Meservey, IA 50457
- $120,000
- 6
- BD
- 2,819
- SqFt
- List Price
- $120,000
- Status
- ACTIVE
- Days on Market
- 66
- MLS#
- 744210
- Subtype
- Multi Family
- Style
- Ranch
- Architectural Style
- Ranch
- Bedrooms
- 6
- Living Area
- 2,819
- MLS Area Major
- Meservey
Property Description
Excellent investment opportunity with immediate lease-up potential! This fully vacant fourplex features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, allowing the new owner to lease at current market rents from day one. Major capital improvements include a new steel commercial roof, durable brick exterior in excellent condition, and newer flooring throughout all four units, helping minimize future maintenance costs. Each unit is separately metered with its own electrical breaker panel, while water is on a single meter and included in the rent for simplified management. A fifth shared laundry room provides an additional amenity for tenants and offers potential for supplemental income with coin-operated or app-based laundry equipment. Whether you're looking to expand your portfolio or complete a value-add lease-up, this property offers a solid foundation with strong income-producing potential.
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Additional Information
- Taxes
- $980
- Property Description
- Ranch
- Zoning
- R-4
- Heating
- Electric, Forced Air
- Air Conditioning
- Central Air
- Stories
- 1
- Roof
- Metal
- Foundation
- Brick/Mortar
- School District
- Central Springs
Mortgage Calculator
Listing courtesy of Fernando Aveiga with EXP Realty, LLC
Data courtesy of the Des Moines Area Association of REALTORS