109 S Marshall Street, Burlington IA 52601

$169,999

109 S Marshall Street, Burlington, IA 52601

bedrooms

bathrooms

square feet

2,816

Acreage

0.16

Open Houses

year built

1899

Full Baths

Half Baths

Find out more

Investment Opportunity – 4-Unit Apartment Building Near Downtown. Excellent investment property offering strong income potential with immediate cash flow and value-add opportunities. This 4-unit apartment building features two lower-level 1-bedroom units, both leased at $750/month. Unit B has been recently updated with fresh paint and luxury vinyl plank flooring, enhancing its appeal to residents. The upper level includes a vacant studio (Unit C) and a vacant 2-bedroom unit (Unit D), providing an opportunity to increase rental income. When fully leased, the property has a potential gross monthly income of $3,175. The owner currently pays for electric and water, while tenants are responsible for gas, helping to manage operating expenses. The property also features newer HVAC systems and water heaters, reducing maintenance costs. Additionally, there is a detached garage that was previously rented for extra income but is currently vacant, offering further income potential. Conveniently located near downtown, shopping, and public transportation, Seller is a licensed real estate agent in the State of Iowa.

Location
Subdivision	SMITHS ADD
County	Des Moines
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 6324864

Listing agent: Adrian Wilson #***

Listing broker: Midwest Realty (319) 237-1139

Last update: Monday, February 10 2025 at 8:36 p.m. EST

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