SQUARE FEET17,000
MLS#6105558
STATUS
PROPERTY TYPECommercial - Investment
SCHOOLMount Ayr
Property Description
Investment Opportunity in Mount Ayr, Iowa! Discover the potential of this exceptional income-producing property featuring a 12-unit apartment complex, commercial office space, and over 2 acres of prime commercial real estate in a highly visible location along Highway 2. All apartment units offer 2 bedrooms, 1 bathroom, and in-unit laundry, providing desirable amenities for tenants. The commercial space is currently occupied by a medical office and offers additional room for expansion or the addition of other businesses. With over 2 acres of land, this property presents an excellent opportunity for future development, including additional rental units or commercial improvements to maximize income potential. Strategically located on Highway 2, the property benefits from strong traffic exposure and easy accessibility, making it an attractive investment for both residential and commercial tenants. Contact the listing agent today for additional details and financial information.
Property Features
Property Type: Commercial - Investment
Cooling: Central Air
Fuel Type: Natural Gas
Garage: 8 car attached
Heating: Forced Air
Home Style: Mixed Use
Lot Size: 2.00 Acres
Taxes: $20,664
Year Built: 1993
Feature Descriptions
Amenities Unit: Tiled Floors, Washer/Dryer Hookup
Appliances: Range, Microwave, Dishwasher, Refrigerator
Current Use: Commercial, Office, Professional Service, Residential
Days on Site: 26
Exterior: Brick, Metal Siding
Flooring: Carpet, Tile, Vinyl
Lot Dimensions: 2.25 acres
Maintenance Expense: 37685
Open Parking Spaces: 12
Owner Pays: Fuel, Insurance, Janitorial Service, Lawn Care, Repairs, Snow Removal, Taxes
Parcel #: 0063021
Parking: Attached, Detached Garage, Outside, Concrete, Paved
Possible Use: Income, Office
Sale Includes: Building and land
Sewer: City Sewer/Connected
SQFT Building Finished: 17000
Tenant Pays: Cable T.V., Electricity, Fuel, Trash Collection, Water
Units: 12
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Water: Public
Local Schools
School District: Mount Ayr
Listed By / Shown
Listed By
Agency Name: South Central Iowa Realty
Agency Phone: 641-464-2080
Shown By
Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263
1201 E South Street | MLS# 6105558
This commercial property located at 1201 E South Street, Mount Ayr, IA 50854 is currently listed for sale with an asking price of $1,100,000. E South Street is located within the Mount Ayr school district. Search Mount Ayr real estate on www.trophypa.com today.