This 3 plex in the heart of Madrid is a sleeper. 2-2BR and 1-1BR apts. Good rents at $1800/month. Landlord pays $200 per month for gas and $100 per month for water and has a credit with both utility companies. Insurance runs $113/mo. New roof last year. All new tuckpointing and exterior paint in 2017 which cost around $10,000. Ample parking both in the street and in the lot to the north.
Off market
Zestimate®
$224,600
248 S State St, Madrid, IA 50156
5beds
3baths
--sqft
MultiFamily
Built in 1947
-- sqft lot
$224,600 Zestimate®
$--/sqft
$1,164 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Property
Parking
- Parking features: Off-street
Lot
- Size: 2,178 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1947
Community & neighborhood
Location
- Region: Madrid
Other
Other facts
- Electricity not included in rent
- Gas not included in rent