Excellent investment opportunity to acquire this rare multi-family residential and commercial triplex perfectly situated in a popular arterial commercial district. With separate gas and electric meters to keep overhead low, this property offers options to maximum returns. The property includes abundant front parking space, a highly coveted feature that comfortably accommodates multiple vehicles and provides easy, hassle-free access for commercial clients. Unit 1 (residential) provides a sprawling, rare 4-bedroom layout featuring 1 full bath, a 3/4 ensuite bath, and an additional half bath?ideal as a premium rental or spacious owner's quarters. Unit 2 (Residential) is an efficient 2-bedroom, 1-bathroom layout with lots of natural light. Unit 3 (Flexible/Commercial Space): The ultimate flex option, this space can be utilized immediately as commercial storefront/offices or add a shower and kitchen for comfortable residential living, allowing you to adapt seamlessly to market demand. Each unit has its own private entrance. This home offers a nice sized back yard and is steps away from a vibrant array of local stores, dining, and essential services. The location provides convenience for tenants and maximum accessibility for business operations. Whether you are looking to move in, expand a traditional portfolio, or blend commercial and residential, this versatile property could fit perfectly in your portfolio. To respect tenant privacy, interior photos are available upon request.
Listed By
Agency Name: All In Real Estate Inc
Agency Phone: 319-693-9301
Shown By
Agency Title: Trophy Properties and Auction
Agency Phone: (855) 573-5263
Estimated Payment
$ 1,221.81 per month $643.19 Principal & Interest $494.33 Property Tax $84.29 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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1422 1st Avenue E | MLS# 6342231
This multi-family property located at 1422 1st Avenue E, Newton, IA 50208 is currently listed for sale with an asking price of $289,000. Search Newton real estate on www.trophypa.com today.