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: $4,516. Annual Net Income: $27,724. (13.8% cap rate on asking price.) 24 hour notice to show, no interior photos of apartments.
215 2ND Street Muscatine, IA 52761
For Sale
215 2ND Street
Muscatine, IA 52761
Price: $199,900
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 Phone: 563-732-2600
Broker Email: danoien@netwtc.net