405 Washington St, Elgin, IA 52141

Located in the Beautiful Scenic North East Iowa Community of Elgin, Iowa at 405 Washington Street. This Investment Has its Own Private Cul de Sac Community Setting. It Consists of a Set of 5 Super Well Kept Single Story Brick Buildings that were Constructed Originally in 1981 by One of the Area’s Premier Contractors. This Well Kept Investment Sports a Solid Occupancy Rate; All Brand New Roofs in 2013; And the Following Features: Gross Rent Potential $7,376.00 Monthly Running Approximately a 10% Vacancy Rate Water and Sewer and Garbage Pickup Furnished Running Approx. $595.00 Monthly All Brick Buildings Blacktop Parking Lot Quiet and Private Residential Location Furnishing Some Electric w/ Total Monthly Costs Approx. $333.34 Insurance $2,240 a yr. All New Roofs ’13 1 Community Room Gazebo Common Area Outside 2 Coin Op Washer/Dryer Sets Producing Approx. $1800 a Yr. Very Good Condition In & Out Court Yard Parking Lot w/ Designated Parking Spots All Rental Units are Equipped with Ranges, and Frigs Produces a Historically Sound 7% Return on Investment Taxes: Approximately $6,600.00 a Year for the Set If You Are Looking for a Sure Thing in an Investment, This is It. The Structures Were All Built Up to Full FHA Standards and Have Been Super Well Kept Ever Since. I am Truly Impressed with the Condition of these Properties. This is a Once in a Lifetime Opportunity. We Are Asking $840,000.00 for the Package