$586,000
COUNCIL BLUFFS, IA 51503
MLS# 21-1223
Status: Closed
4246 sqft
1 / 31
Property Description
This meticulously maintained property is a turnkey investment! The 5 duplexes are situated on a quiet wooded lot giving the tenants a serene and peaceful place to call home. Each of the buildings has newer roof, as well as low maintenance vinyl siding, & windows The units have been tastefully updated with newer cabinetry, nice kitchen appliances, fresh floor coverings and modern full baths. Not only is this a turn key investment, the cash flows are impressive as well. Due to the close care and attention of the current owner maintenance expenses are low and vacancy is virtually non-existent. You could increase revenues by swapping the currently free laundry facilities out for coin-operated machines, building storage spaces in the two unfinished basements, or leasing out the garage.
Details
Maps
Contract Information
Current Price: $586,000
Status: Closed
Listing Date: 2021-06-30
Sold Price: $586,000
Sale: For Sale
Bank Owned?: No
General Property Description
Type of Property: Apartment Building
# Sleeping Rooms: 9+
# Effic Studios: One
# of 1 BR Units: Five +
# of 2 BR Units: None
# of 3+ BR Units: None
# of Full Baths: 9+
# of 1/2 Baths: None
Garage: 1
Parking: 11 - 15
Year Built: 1940
Number of Units: 10
Lot Size: 0.71 Acres
Tot Fnshd SF: 4246
Location, Tax & Legal
Area: Area 8
House #: 1406
Street Name: MCPHERSON
Street Suffix: Avenue
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51503
Status Change Info
Status Change Date: 2021-08-02
Under Contract Date: 2021-07-02
Sold Date: 2021-07-30
Sold Price: $586,000
Type Of Financing: Conventional
Mortgage Info
Assumable: N
Gross Taxes: 8808
Status Info
Sold Status: MLS Member List/MLS Member Sold
REIDS Inc Sale Prc: No
Sale Price Incl Lot: Yes
Property Features
Exterior: Frame
Roof: Composition
Documents on File: Legal Description; Owner Oper Stmnt
Terms: Cash; Conventional
How To Show: 24 Hour Notice; Call Agent; Subject to Tenants
Appliances: Dryer; Range; Refrigerator; Washer; Other
Possession: Closing; Subject to Tenants
Features: Carpets; Decks; Extra Storage; Patio; Private Entrance; W/D Hookups; Other
Miscellaneous: Security Deposit
Inspections: City Inspected
Number of Stories: One
Listing Office: Heartland Properties
Last Updated: July - 01 - 2026
Information deemed reliable but not guaranteed.