117-119-121 NE 7th Street

Independence, IA 50644

Investors take note! 3-unit apartment building has a pair of 2-bedroom units and a 1-bedroom unit. Stoves and fridges included in 119 & 121 with stove, fridge, built in microwave and stack washer & dryer in 117. Coin washer & dryer in the hall for 119 & 121. 119 also has through the wall a/c unit. 117 had numerous updates in 2018 including kitchen remodel and it also has an attached garage. Electricity & garbage are paid by the tenant, landlord pays heat, water, and sewer. Current rents total $1,875 with long term tenants in 117 & 121. Tenant in 119 moved in Feb. 2024. Property is in 500 year flood plain. Please allow 24 hours' notice for showings to notify tenants. Buyer to participate in a 1031 exchange with at no additional expense to the buyer. Seller is a licensed real estate broker in the State of Iowa.

This is an Pending listing.

Broker Office Phone Number: 319-334-9258

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