505 4th Street

MLS ID #154677

Asking: $350,000

Type: Four Plex

Address: 505 4th Street

City: Delhi

State: IA

ZIP: 52223

Area: West

Class: Multi-family

County: Delaware

General Information

# Units: 4

Garage Capacity: 1

Garage Type: Built-in/Under

Year Built: 1979

Est Sq Ft Main Lvl: 2,304

Est Sq Ft Upper Lvl: 2,304

Est Sq Ft Lower Lvl: N/A

Total Finished Sq Ft: 4,608

Parcel ID: N/A

Lot Size: N/A

Yr Rents: $$50,400.00

Yr Gross: $$54,600.00

Yr Other: $$4,200.00

Expenses Insurance: $$2,947.74

Expenses Management: $N/A

Expenses Taxes: $$1,125.00

Expenses Maintenance: $N/A

Expenses Vacant: $N/A

Expenses Utilities: $$7,479.00

Expenses Other: $N/A

Est. Total Expenses: $$11,692.02

Est. Net Income: $$42,907.02

Unit 1 Rooms: 3

Unit 1 Bedrooms: 2

Unit 1 Baths: 1

Unit 1 Rent: $$1,150

Unit 2 Rooms: 3

Unit 2 Bedrooms: 2

Unit 2 Baths: 1

Unit 2 Rent: $$1,150

Unit 3 Rooms: 3

Unit 3 Bedrooms: 2

Unit 3 Baths: 1

Unit 3 Rent: $$855

Unit 4 Rooms: 2

Unit 4 Bedrooms: 1

Unit 4 Baths: 1

Unit 4 Rent: $$900

Unit 5 Bedrooms: -

Unit 5 Baths: -

Unit 5 Rent: $-

Unit 6 Bedrooms: -

Unit 6 Baths: -

Unit 6 Rent: $-

Unit 7 Bedrooms: -

Unit 7 Baths: -

Unit 7 Rent: $-

Features

Style:

Siding: Steel Siding

Roof: Steel

Foundation:

Basement:

Owner Pays: Gas, Water, Electric, Heat, Trash

Tenant Pays: None

Appliances: Refrigerator, Range, Microwave, Washer, Dryer, Water Softener

Cooling: Window Unit, Wall Unit

Fuel Type: Gas

Heat Type: Forced Air

Parking: Off Street, On Street

Terms: Cash, Contract

Description

Looking for additional cash flow or eager to expand your portfolio? Your path to success begins in Delhi with this fully rented fourplex. Each unit has been tastefully updated, and the building even includes a laundromat! There's more space for a 5th unit as well. This is an incredible opportunity you won't want to miss!

Click the photos to enlarge.