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$132,700

824421 MLS

Great investment opportunity to own a dual key rental property! Here's your chance to generate 2 rental incomes with one property to manage or live in one unit and rent the other. Current owner has applied for a 10 year tax abatement, when approved, this would go into effect in 2025 revealing a future tax savings for the next owner. This property features a main floor unit with 2 beds, 1 bath, living room, dining space, full kitchen, laundry, plus access to unfinished basement. Upstairs unit features living room, full kitchen, 2 bedrooms, full bath, and laundry in unit as well. Porch and backyard are shared with 2 shared parking spaces as well giving each tenant 1 space to park off the alley. The current owner does not allow access to the garage but there is an oversized detached garage with a 1 car overhead door. All appliances in both units are owned by landlord and will stay with the house, new furnace in unit 309, newer flooring in both units, updated bathrooms in both units, entire property has been refreshed just after the current owners purchased, new siding on the house and garage as well. Come check out this desirable and unique opportunity.

307 Elm St, Marcus

$495,000

824219 MLS

This Quality Commercial building features 13,644 sq.ft. of office area plus a finished basement with an additional 3,196 sq.ft. This property has been a fixture in this community since 1972. The main floor includes 10 offices, 2 restrooms, and a large lobby/ work station area. On the second floor there are 7 additional offices, a large conference room, a kitchen area, 4 restrooms, and a large work station area. The finished basement includes a kitchen area, work station area, 1 office, a restroom, and mechanical/storage rooms. There is a deed restriction preventing the property from being used for any banking or insurance purposes. This property could be converted to apartments or condos and the state of Iowa has had Grants and Tax credit programs available to offset the cost. Gross Real Estate Taxes shown in listing are based on the 2022 assessed value of $887,480. The 2023 assessed value of this property is $545,340! Also included with this property is the concrete parking lot to the north of the building.

121 5th St., Storm Lake

$170,000

823947 MLS

Attention investors, entrepreneurs, and restaurant owners. Here is a fabulous opportunity to add to your portfolio, or begin something new! Located on the quaint Main Street in Alta, Bob’s Sports Bar and Grille is a popular joint and a well-oiled machine ready for its next owner. With countless investments put into the building and equipment, not to mention the time spent building local rapport by hosting events like concerts and other fundraisers, this will be a highly supported and successful operation to take on. The expensive work is completed with new flooring, an AC unit, a water heater, updated bathrooms, and more! The building received a new roof less than 3 years ago, and you can’t miss the updated equipment/furnishings. What a neat place this will be to own! Located just 6 miles from Storm Lake, this place has loyal patrons from the surrounding area and fantastic local support. Turn the key, serve up some beverages, and enjoy the atmosphere and income! Please note, the listed price is for the business and the real estate. Showing by appointment only and pre-qualification/proof of funds is required. Please contact listing agent to schedule a showing. Property features include: functional basement, new water heater, new lift pump, new AC unit, new flooring, new bar stools, fresh paint, updated bathrooms, 8 tap handles, camera security system included, business included in price listed, 6 miles from Storm Lake, 16 miles from Cherokee

208 Main Street, Alta

$124,900

822894 MLS

4-Unit Property. Exterior Parking. This 4-unit complex is a great investment. All 4 units are one bed, one bath. All units have a living space, kitchen/dining, full bathroom, and one bedroom. Market Rent Roll: $1,600. Actual Rent Roll: $1200. There's separate shared laundry space that contains a coin-operated washer and dryer. This yield approximately $50/month. Tenant pays for: Water/Sewer Electric, Pet: $20/month. Owner pays for: Electric/Water/Sewer for Common Spaces & Garbage: $100/month, Insurance: $135/month, Taxes: approx $850/year, Lawn/Snow Removal: $75/month. Security deposits will be included upon closing. There is ample exterior parking available for tenants. A new survey will be created prior to closing.

101 Sparta (East Bldg), Marathon

$124,900

822893 MLS

4-Unit Property. Exterior Parking. This 4-unit complex is a great investment. All 4 units are one bed, one bath. All units have a living space, kitchen/dining, full bathroom, and one bedroom. Market Rent Roll: $1,600. Actual Rent Roll: $800. There is storage space that will become shared laundry that would contain a coin-operated washer and dryer. This will yield approximately $50/month. Tenant pays for: Water/Sewer Electric, Pet: $20/month. Owner pays for: Electric/Water/Sewer for Common Spaces & Garbage: $100/month, Insurance: $135/month, Taxes: approx $850/year, Lawn/Snow Removal: $75/month. Security deposits will be included upon closing. There is ample exterior parking available for tenants. A new survey will be created prior to closing.

101 Sparta (West Bldg), Marathon

$1,500,000

815843 MLS

This is a 16 unit complex. Three of the units are 2 bedroom and thirteen of the units are 1 bedroom. All units share a laundry area. Location, large parking lot and a nice gazebo area are definitely a bonus for the tenants and the complex overall! There is extra green space where additional units could be built. New shingles/sheeting in 2020 and downspouts. New siding in 2020 also. Each building has 4 units and a total of 2,472 square feet per building. Eight units have been completely remodeled in 2020-2021. Included is a 12'x20' one car garage for maintenance and owner use. Units include eat in kitchen with stove and fridge, living room, 1 or 2 bedrooms and a full bath. NOTE: Buildings are all electric, there is no gas service.

501 Ridgeway Unit #Dr, Marcus