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118 W Elm St, Sigourney, IA 52591

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For Sale

$299,000

10 beds • 6 baths • 2,048 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $146.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Welcome to your next great investment opportunity! This exceptional property offers not just one, but two buildings on a single parcel, presenting a diverse income stream with minimal maintenance. Let's take a closer look: **Main Building:** - **5-Plex Configuration:** This spacious building boasts two levels of well-appointed living spaces. - **Main Level:** Two 2bed/1bath apartments provide comfortable accommodations for tenants. - **Upstairs:** Discover a 1bed/1bath unit alongside another 1bed/1bath unit containing an additional room, perfect use as an office for professionals or small businesses. - **Basement:** Housing on-site laundry facilities, ensuring convenience for all residents. Additionally, there's a studio apartment, ideal for renting out or for accommodating a live-in superintendent. **Features of the Main Building:** - **Renovation:** Fully renovated in 2021, ensuring modern amenities and aesthetic appeal throughout. - **Income Potential:** With a mix of unit sizes and configurations, this building offers versatile rental options to attract a wide range of tenants. - **Convenience:** On-site laundry facilities minimize tenant hassle while maximizing property appeal. - **Superintendent Suite:** The studio apartment can serve as a superintendent's suite, providing on-site management for added convenience and security. **Duplex:** - **Two-Unit Structure:** This duplex features an "over-under" layout, comprising two separate 2bed/1bath units. - **Spacious Living Areas:** Both units boast large kitchen and living spaces, promoting comfortable living for tenants. - **In-Unit Laundry:** Each unit includes its own washer and dryer, enhancing tenant convenience and attracting quality renters. **Additional Information:** - **Occupancy:** All units are currently occupied, providing immediate income potential for the new owner. (MINIMUM 24 HR NOTICE REQUIRED FOR SHOWINGS) - **Low Maintenance:** With recent renovations and in-unit laundry facilities, this property requires minimal upkeep, allowing you to focus on maximizing your investment returns. -**Parking** There is convenient off street parking available to all tenants. -**Convenience** Prime location located one block from the city square and 2 blocks from the local grocery. Whether you're a seasoned investor or entering the real estate market for the first time, this exceptional property presents an incredible opportunity to grow your portfolio and secure reliable income for years to come. Don't miss out on this chance to own a lucrative investment property with endless potential! Also Listed Under MLS# One of the sellers is licensed to sell real estate in Iowa
MLS# 202402710

Courtesy Of Iowa Realty Coralville Office

(319) 665-6000

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Cable Ready
  • Appliances
    Dryer, Oven, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Aluminum Siding, Block, Concrete Block, Vinyl Siding, Wood
  • Floor Covering
    Laminate, Tile, Vinyl, Wood
  • Lot Size
    0.1 Acres
  • Roof Type
    Unknown
  • Rooms
    Bedroom, Full Bath

Map and Directions

Directions to 118 W Elm St, Sigourney, IA 52591

Home seller CENTURY 21 Signature Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Signature Real Estate

(641) 628-9840
Learn More About Us

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Copyright © 2024 Iowa City Area Association of REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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