715 Ridge View Rd. Monticello, IA 52310

For Sale
715 Ridge View Rd.
Monticello, IA 52310
Price: $1,025,000
Type: Multi-Family
Units Total: 18
Agent: Matthew Lepic
Agent Phone: 319-321-7199
Agent Email: matthew.lepic@gmail.com
Broker: Lepic-Kroeger, REALTORS
Broker Phone: 319-351-8811
Broker Email: info@lepickroeger.com

An 18-unit multi-family apartment complex is available for purchase. The building comprises 14 two-bedroom units and four one-bedroom units. The property offers several opportunities to add value for a new owner. Rents have been increasing steadily, and there is still ample room for further growth. Six detached garages are available to tenants who require covered parking. Additionally, there is a large vacant lot next to the building that can accommodate another 12 units. The property features a metal roof and newer utilities. A brand-new laundry facility was recently installed, and the lower level has plenty of storage space available for the owner to rent out.