910 N 6th Ave E, Newton, IA 50208

Very Rare Ranch style 4-plex, 1 bed, 1 bath. Current Monthly Gross rent:$2725. All 4 units rented, annual leases. Cap rate of 10.7% and Potential Free Cash flow of $13,500 (including $980 set aside for reserves) after mortgage and expenses, see Proforma. There is additional opportunity to lower expenses and increase income with unit updates. Internet and electricity paid by tenants. Gas and water/trash currently paid by Landlord. Proforma using real numbers over the past year. Please reach out to listing agent for Proforma and to schedule time to see the property. Planning to do open house style showing (one day several hour timeframe), depending on requests.