424 N Court St, Ottumwa, IA 52501
- $64,900
- 11
- BD
- 8
- BA
- 5,301
- SqFt
- List Price
- $64,900
- Status
- ACTIVE
- MLS#
- 6342916
- Subtype
- Residential
- Year Built
- 1900
- Bedrooms
- 11
- Bathrooms
- 8
- Full Baths
- 8
- Living Area
- 5,301
- Lot Size
- 11,326
- Acres
- 0.26
- Subdivision
- FERREE & MUIRS ADD
Property Description
Fantastic investment opportunity with strong rental income and major updates already completed. This 8-plex offers a mix of units - six 1-bedroom apartments one 2-bedroom, and one 3-bedroom providing steady cash flow from day one. The building needs some TLC, but the upside is tremendous for anyone looking to add value and increase returns. Major mechanical updates have already been handled, including a new 2025 steam boiler, updated electrical, and updated plumbing, giving you a solid foundation to build on. With cosmetic improvements and strategic upgrades, this property has the potential to become a high-performing asset in your portfolio. Endless possibilities for the savvy investor ready to capitalize on a multi-unit building with proven income and room to grow.
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Additional Information
- Taxes
- $2,960
- Heating
- Radiant
- Air Conditioning
- Window/Wall
- Levels
- Two
- Parking Features
- Detached
- Garage Spaces
- 2
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Listing courtesy of with Bridge City Realty