Listing Courtesy of: Barbara Smed - Keller Williams Legacy Group
563-568-0011
$360,000
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174 NE Main Street New Albin, IA 52160
Triplex
Residence
Beds
Baths
Sq. Ft.
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Investment Alert!! Check out this income producing property available in New Albin, IA. This property houses three newly updated apartments along with an event center and commercial kitchen. Updates include new flooring and appliances, new water heaters, furnace, AC and updated electrical and plumb...ing. Current rental income from the apartments totals $2200/month. The commercial side of the property consists of a bar area, commercial kitchen, covered patio. These was formally a successful bar and is now ready to rent out for events such as birthday parties or bachelor parties. Lots of potential areas to expand - The new owner could consider offering pizza and sandwiches for purchase from those using the splash pad or visiting town. How about opening for breakfast on the weekends? Or hosting a televised sporting event? Turn-key situation with the bar and kitchen. Letter of pre-qualification and minimum 24 hour notice required to view apartments.
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MLS#
20244715
Property Type
Triplex
Year Built
1900
Sewer
City Sewer
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