This is a conveniently located 4 unit rental that is 100% rented. There's a store front that's currently being used as a warehouse but it would make a great space for a business because property is zoned commercial as well. There is another property for sale, the house right behind it, the address is 210 S. Union. 210 S. Union is a duplex with an up and down apartment. Both properties are being sold as a package deal, and what a deal! Terrific downtown location, close to everything and very affordable living. Owner pays water at 602 E. Main and tenants pay their own electricity. All units are metered separately. Tenants pay all utilities at 210 S. Union. Both properties have off street parking. All tenants are currently on a month to month lease. City rental permits are current. If you're looking to start out as an investor, this is a great opportunity to own a good chunk of downtown real estate. Don't hesitate or it will be gone!
Off market
Zestimate®
$105,700
602 E Main St, Ottumwa, IA 52501
--beds
0baths
2,760sqft
MultiFamily
Built in 1900
-- sqft lot
$105,700 Zestimate®
$38/sqft
$913 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- Central
Appliances
- Included: Refrigerator
Interior area
- Total interior livable area: 2,760 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 1,306 sqft
Details
- Zoning: Light commercial and multi family
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1900
Utilities & green energy
- Utilities for property: 0.00
Community & neighborhood
Location
- Region: Ottumwa
Other
Other facts
- Property Type: Multi Family
- Roof: Other, Flat
- Util. Paid by Owner: Water
- Util. Paid by Renter: Electric
- Features: Extra Storage
- Lease Type: Net
- Agreement Type: Excl. Right to Sell
- Miscellanous: Indiv. Elec Meters
- Total # of Units: 4
- Property Subtype 1: 4 Family
- Possession: Negotiable
- Siding: Vinyl
- Lot Measurement: SqFt
- # of Effic Studios: 0
- Maintenance: 0.00
- # of Sleeping Rooms: 0
- Utilities: 0.00
- Available Date: 1800-01-01
- FIPS Code: 179
- Less Operat. Expense: 0.00
- Total Month Expense: 0.00
- Total Seller Concsn: 0.00
- APN: 007410940001000
- Lot Dimension: 40x146 appx.
- Zoning: Light commercial and multi family
- Legal Description: SAMUEL MAHONS SUB LOT 1 (602 E. MAIN)
- Lot Square Footage: 1330.00
- Square Footage: 2760.00
- Annual Gross Income: 23880.00
- Legal #2: SAMUEL MAHONS SUB LOT 5 (210 S. UNION)
- Price Per Acre: 2377049.18
- Price Per Square Foot: 26.27
- Showing Instructions: Minimal 24 hour notice. Property is 100% rented.