5
See all 5 photos
$175,000
$199,900 12.5%
Est. payment /mo
8 Beds
4,850 SqFt
Sold on 04/04/2025
511 W State Street Marshalltown, IA 50158
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UPDATED:
Key Details
Sold Price $175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $36
MLS Listing ID 710826
Style Two Story
Bedrooms 8
Year Built 1911
Annual Tax Amount $3,404
Lot Size 0.370 Acres
Property Description
Investors take a look at this 6plex with 4850 sf of living space. Along with this property comes 3 stall detached garage for room to add rents for the garage space. On site laundry. Long term tenants. An extra lot has been purchased and added with this property. Sitting on the extra lot is a $75,000 solar system that comes with the property making the average electric bill a month, only $20! This property has a newer roof, added solar, interior remodel, added driveway, added lot, and a whole lead remediation has been completed. With room to raise rents this value add purchase can make this a great investment to add to your portfolio. This property is bringing in monthly $5400, annually $46,020. With room to raise rents. Cap rate is %15. Call today to schedule your appointment at this very profitable investment opportunity. 48 hour notice required prior to showing. All information obtained from seller and public records.
Location
State IA
County Marshall
Area Marshalltown
Zoning T-Res
Interior
Heating See Remarks
Cooling Window Unit(s)
Laundry Main Level
Exterior
Parking Features Detached, Garage, Three Car Garage
Garage Spaces 3.0
Garage Description 3.0
Utilities Available Electricity Available, Water Available
Roof Type Asphalt,Shingle
Building
Lot Description Rectangular Lot
Foundation Stone
Sewer Public Sewer
Water Public
Schools
School District Marshalltown
Others
Monthly Total Fees $283
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by RE/MAX Precision
Bought with GoSynergy Realty
Bought with GoSynergy Realty