118 Elm St Sigourney, IA 52591

For Sale
118 Elm St
Sigourney, IA 52591
Price: $299,000
Type: Multi-Family
Units Total: 7
Agent: McKenzee Gibson
Agent Phone: 319-461-2704
Agent Email:
Broker: Iowa Realty
Broker Phone: 319-665-6000
Broker Email:

Welcome to your next great investment opportunity! This exceptional property offers not just one, but two buildings on a single parcel, presenting a diverse income stream with minimal maintenance. Let’s take a closer look: **Main Building:** – **5-Plex Configuration:** This spacious building boasts two levels of well-appointed living spaces. – **Main Level:** Two 2bed/1bath apartments provide comfortable accommodations for tenants. – **Upstairs:** Discover a 1bed/1bath unit alongside another 1bed/1bath unit containing an additional room, perfect use as an office for professionals or small businesses. – **Basement:** Housing on-site laundry facilities, ensuring convenience for all residents. Additionally, there’s a studio apartment, ideal for renting out or for accommodating a live-in superintendent. **Features of the Main Building:** – **Renovation:** Fully renovated in 2021, ensuring modern amenities and aesthetic appeal throughout. – **Income Potential:** With a mix of unit sizes and configurations, this building offers versatile rental options to attract a wide range of tenants. – **Convenience:** On-site laundry facilities minimize tenant hassle while maximizing property appeal. – **Superintendent Suite:** The studio apartment can serve as a superintendent’s suite, providing on-site management for added convenience and security. **Duplex:** – **Two-Unit Structure:** This duplex features an “over-under” layout, comprising two separate 2bed/1bath units. – **Spacious Living Areas:** Both units boast large kitchen and living spaces, promoting comfortable living for tenants. – **In-Unit Laundry:** Each unit includes its own washer and dryer, enhancing tenant convenience and attracting quality renters. **Additional Information:** – **Occupancy:** All units are currently occupied, providing immediate income potential for the new owner. (MINIMUM 24 HR NOTICE REQUIRED FOR SHOWINGS) – **Low Maintenance:** With recent renovations and in-unit laundry facilities, this property requires minimal upkeep, allowing you to focus on maximizing your investment returns. -**Parking** There is convenient off street parking available to all tenants. -**Convenience** Prime location located one block from the city square and 2 blocks from the local grocery. Whether you’re a seasoned investor or entering the real estate market for the first time, this exceptional property presents an incredible opportunity to grow your portfolio and secure reliable income for years to come. Don’t miss out on this chance to own a lucrative investment property with endless potential! One of the sellers is licensed to sell real estate in Iowa