500 1st Avenue W new Save Request In-Person Tour Request Virtual Tour
Newton,IA 50208
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,480 sqft
Price per Sqft $97
MLS Listing ID 721394
Style Two Story
Bedrooms 4
Full Baths 4
Year Built 1903
Annual Tax Amount $1,630
Lot Size 0.256 Acres
Property Description
Discover a prime multifamily investment with this well-maintained 4-plex, ideally located just a 5-minute walk from Newton's charming downtown square. Each of the four units features a spacious 1-bedroom layout, offering consistent rental demand in a strong local market. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer entering the multifamily space, this property presents a compelling opportunity. With recent renovations completed in 2023 and steady cash flow in place, this asset is truly turnkey. Positioned in a convenient and accessible location, the property offers immediate income with future value-add potential through rental rate adjustments. Don't miss the chance to own a clean, updated, and income-producing property in a growing community.
Location
State IA
County Jasper
Area Newton
Zoning R
Interior
Cooling Central Air
Exterior
Parking Features Detached,Garage,Two Car Garage
Garage Spaces 2.0
Garage Description 2.0
Building
Sewer Public Sewer
Water Public
Schools
School District Newton
Others
Monthly Total Fees $135
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional