Bought with Terry O'Toole • NP Dodge Real Estate - Council Bluffs
$282,500
$289,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
707 BLUFF ST Shelby, IA 51570
3,400 SqFt
Key Details
Sold Price $282,500
Property Type Multi-Family
Sub Type 4-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $83
MLS Listing ID 24-784
Sold Date 09/27/24
Year Built 1976
Annual Tax Amount $1,478
Tax Year 2022
Acres 10000.0
Property Sub-Type 4-Family
Property Description
Discover an incredible investment opportunity with this Four-plex located in Shelby, Iowa, just 35 minutes from downtown Omaha. Perfect for expanding your investment portfolio or for house hacking. Each featuring 2 bedrooms, 1 full bathroom, complete with a stove and refrigerator. The units are separately metered for electricity, and tenants have access to a shared utility room with a coin-operated washer and dryer on the lower level. Fully occupied and generating a gross rental income of $3,300 per month, there is potential to increase rents to market value and implement a RUBS (Ratio Utility Billing System) for additional income. Ample parking is provided for tenants. With immediate rental income and and potential for increased profitability, this property is a fantastic opportunity.
Location
State IA
County Shelby
Area 14A
Interior
Heating Central A/C, Gas FA
Cooling Central A/C, Gas FA
Building
Lot Description 10000
Schools
Elementary Schools A-H-S-T-W
Middle Schools A-H-S-T-W
High Schools A-H-S-T-W
School District Ahstw
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