317 1St Street, Spencer,
IA 51301
MLS # 250398
$149,900
- 7
- 3
- 2610
- Active
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**
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
Brooke Jones
Broker Associate, ABR|RSPS, Lakeshore and Residential Expert
Ask About this Property #250398
share
COMMUNITY
El Parian Mexican Grill
Stop in El Parian for some of the best Mexican cuisine and margaritas. On Wednesdays lime margaritas are only $.99! El Parian offers a wide variety of authentic Mexican food for lunch and dinner. You will not leave hungry by any means!
Hibachi 88
Hibachi 88 is a great place to enjoy Chinese food and sushi! They have a large dinner menu and also have a separate lunch menu. If you don't feel like going out or cooking at home call for take out there is something for everyone. If you are a sushi fan make sure to try the Boston roll it is one of my favorites!
The Ritz
I grew up watching Cheers, if you want that same vibe at the lake, hit The Ritz just south of the bridge. Let alone, Taylor and her staff are the salt of the earth kind of people, the food is amazing! You can tell that a lot of thought has gone into the presentation and you can taste the love in the recipes. Did I mention, they know how to mix a good cocktail as well…..Okoboji style for those who know what I mean! Cold beers, huge glasses of wine, fun kids desserts and the famous Ritz fish bowl. You gotta try it!
