$303,000
$350,000
13.4%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,932 SqFt
SOLD DATE : 07/09/2025
Key Details
Sold Price $303,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,932 sqft
Price per Sqft $77
MLS Listing ID 714333
Sold Date 07/09/25
Style Two Story
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1972
Annual Tax Amount $4,487
Lot Size 0.436 Acres
Acres 0.4362
Property Description
Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. 1 unit in this building is renovated and the rest are original finishes. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!
Location
State IA
County Story
Area Gilbert
Zoning res
Interior
Heating Forced Air, Gas, Natural Gas
Cooling Central Air
Furnishings Unfurnished
Fireplace No
Appliance Cooktop, Dryer, Microwave, Refrigerator, Stove, Washer
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Private Pool No
Building
Entry Level Two
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Gilbert
Others
Tax ID 0504475230
Monthly Total Fees $373
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Cash
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