$327,000
$350,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
3,932 SqFt
SOLD DATE : 05/29/2025
Key Details
Sold Price $327,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,932 sqft
Price per Sqft $83
MLS Listing ID 66868
Sold Date 05/29/25
Style 2 Story
Year Built 1970
Annual Tax Amount $4,491
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Quadruplex
Source Central Iowa Board of REALTORS®
Property Description
Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. 2 units in this building have been renovated and the other 2 are still original finishes. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!
Location
State IA
County Story
Zoning res
Body of Water Public
Rooms
Basement None
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Garage No
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
School District Gilbert
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