Investment opportunity. There is an opportunity for an investor to add value within this multi-unit sitting on a prime location in Spencer next to the hospital. Three units are rented with long-term tenants. The 4th unit could be converted into another three bedroom apartment. Has been historically used as a chiropractic office but with he addition of a kitchen or kitchenette would easily be converted into living space. Tri-plex would become a Quad. No showing of the property until an offer has been accepted. Square footage for each unit was given by seller.
Off market
$160,000
1018 N Grand Ave, Spencer, IA 51301
--beds
0baths
1,804sqft
MultiFamily
Built in 1900
-- sqft lot
$160,000 Zestimate®
$89/sqft
$974 Estimated rent