$282,500
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707 Bluffs Street Shelby, IA 51570
Other
Residence
8
Beds
4
Baths
3,400
Sq. Ft.
0.81
Acre
Lot
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Discover an incredible investment opportunity with this Four-plex located in Shelby, Iowa, just 35 minutes from downtown Omaha. Perfect for expanding your investment portfolio or for house hacking. Each featuring 2 bedrooms, 1 full bathroom, spacious living rooms, and eat-in kitchens complete with a... stove and refrigerator. The units are separately metered for electricity, and tenants have access to a shared utility room with a coin-operated washer and dryer on the lower level. Fully occupied and generating a gross rental income of $3,300 per month, there is potential to increase rents to market value and implement a RUBS (Ratio Utility Billing System) for additional income. Ample parking is provided for tenants. A new water line was recently installed. With immediate rental income and potential for increased profitability, this property is a fantastic opportunity.
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MLS#
22410934
Property Type
Other
Bedrooms
8
Bathrooms
Year Built
1976
Square Feet
3,400
sq. ft
Price per Sq. Ft.
$83.09
Lot Size
0.81
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