215 2ND Street Muscatine, IA 52761

Price Reduced For Sale
215 2ND Street
Muscatine, IA 52761
Price: $259,000
Type: Commercial Sale Commercial
Lot Size (Acres): 0.06
Agent: Daniel Oien
Agent Phone: 563-732-2600
Agent Email: danoien@netwtc.net
Broker: First Choice Real Estate LLC
Broker Email: danoien@netwtc.net

3 Story building in downtown Muscatine: Main Level 2,800 sq. ft. retail or office space currently leased to a long term tenant. ( Business is not for sale or included in the listing price.) The next 2 levels include: 1 bedroom/ 1bathroom apartment, 3 bedroom, 2 bathroom apartment and a 2 bedroom 1 bathroom apartment all with good rental history and current leases. Current Gross Annual Income: $34,740. Annual Insurance: $2,500. Annual Taxes: $4,660. Annual Net Income: $27,580. (10.6% cap rate on asking price.) 24 hour notice to show, no interior photos of apartments.