317 1St Street, Spencer, IA 51301

Spencer, IA Homes for Sale in 51301 and Real Estate MLS # 250398

$149,900

  • 7
  • 3
  • 2610
  • Active
New Listing

General Description

This 3-plex property presents a fantastic investment opportunity with multiple options for potential buyers. Whether you're looking to live in one unit while renting out the others, or rent all three for a steady income stream, this building offers great versatility. The first-floor unit features 4 bedrooms (1 non-conforming), 1 bath, and has been updated with newer cabinets, countertops, sink, and flooring. The second-floor unit includes 2 bedrooms, 1 bath, and boasts a new refrigerator and kitchen windows. The third-floor unit offers a cozy 1 bedroom, 1 bath, and has been refreshed with a new vanity and refrigerator. Each unit is equipped with electric baseboard heat, and tenants provide their own window air conditioning units. The property also includes a basement with 3 new electric water heaters, as well as a new Speed Queen coin-operated washer and dryer for tenant use. While the driveway is shared, there is alley access for additional parking and street parking options. The garage is currently used by tenants for storage. Don't miss out on this prime opportunity to own an income-generating property! Showings to start on Friday & Saturday 18th & 19Th, then tenants would like 24hr notice for any showings after the 19th.

Legal: 14 9 L & H **Legal as per abstract**
Status: Active

Property Information

250398

$149,900

Sale

Triplex

MULTIFAMILY

317 W 1St Street

Spencer

IA

51301

7

3

2610

5368

Detached

1512

2023

Spencer

1910

Features

No

Utilities

No

LISTED BY

Hinn Real Estate, Doug Small (712.336.1240)

PROPERTY LOCATION

MORTGAGE CALCULATOR


Lonna Draayer - Broker Associate

Lonna Draayer

Broker Associate

Ask About this Property #250398

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