Great investment opportunity! Three apartment buildings with a total of 18 units. The buildings have a total of 8 two bedroom and 10 one bedroom apartments. The apartments have exterior entrances and off-street parking. Coin operated laundry is located in each building. A lit sidewalk leads from the parking lots to each apartment. Ridgeway is a quiet rural community located in between Decorah and Cresco, Iowa, There is currently a housing shortage in the area. This fully occupied property has been well maintained and is ready for new owners. Financial information and appraisal available to qualified buyers with a signed NDA. West Building - Age: 1978 Square Footage: 5,264 Number of Apartments: 8 Center Building - Age: 1974 Square Footage: 3,377 Number of Apartments: 5 East Building - Age: 1972 Square Footage: 4,161 Number of Apartments: 5
Sold for $633,000 on 10/31/24
$633,000
500 Pike St, Ridgeway, IA 52165
--beds
--baths
12,802sqft
Multi Family
Built in 1972
-- sqft lot
$645,600 Zestimate®
$49/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 02, 2024 at 04:01am
Listed by:
Steven Burke 507-251-0644,
Burke Real Estate
Bought with:
Steven Burke
Burke Real Estate
Source: Northeast Iowa Regional BOR,MLS#: 20244005

Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s), Window Unit(s)
Appliances
- Laundry: Laundry Closet
Features
- Basement: Crawl Space
Interior area
- Total structure area: 12,802
- Total interior livable area: 12,802 sqft
- Finished area above ground: 12,802
- Finished area below ground: 0
Property
Parking
- Total spaces: 10
- Parking features: Parking Area, Paved, None
- Uncovered spaces: 10
Lot
- Size: 2.21 Acres
Details
- Has additional parcels: Yes
- Parcel number: 092322700500
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Roof: Asphalt
Condition
- Year built: 1972
Utilities & green energy
- Utilities for property: Separate Meters
Community & neighborhood
Location
- Region: Ridgeway
Services availability

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