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Explore Our Properties
402 Prairie Street
402 Prairie Street
402 Prairie Street
402 Prairie Street
402 Prairie Street
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$285,000

402 Prairie Street

3 Beds 2 Baths 3,120 Sq.Ft. 6,468 Sq.Ft.

Description

VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY
6-Unit Apartment Complex | 5 - 1 Bedroom & 1 - 2 Bedroom Units/ 1 Bathroom Per Unit | Prime Downtown Proximity

Investors, take a closer look at this well-positioned 6-unit multifamily property located just one block from downtown in a quiet and established community. The property offers an attractive unit mix of six 1-bedroom, 1-bathroom apartments, creating a simple and manageable asset for both new and experienced multifamily investors.
Apartment 1 has been newly renovated, providing an immediate example of the property's improvement potential. The remaining units may offer additional opportunities for an investor to implement strategic updates, improve the overall property, and potentially increase rental income over time, subject to market conditions and applicable expenses. The property's proximity to downtown provides convenient access to local businesses, services, and community amenities while maintaining a quieter residential setting.

Additionally, there is a Charming Single-Family Home Near Downtown. Cozy 1-bedroom, 1-bathroom single-family home offering approximately 760 square feet of living space. Built in 1940, this one-story frame home offers classic character with a convenient location close to downtown.

Great potential for an owner-occupant or investment property
Both properties are being "SOLD" together.

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Location

402 Prairie Street, Guthrie Center, IA 50115

Status

For Sale
Rod  Robson

Rod Robson

TITLE

REALTOR®

Property Amenities

Interior
Flooring Carpet, Vinyl
Total Bedrooms: 3
Three-Quarter Bathrooms: 2
Area & Lot
Total area 3,120 Sq.Ft.
Lot Area 6,468 Sq.Ft.
Living area 3,120 Sq.Ft.
MLS® ID 750201
Year Built 1940
School District Guthrie Center
Type Multi-Family
Status For Sale
Exterior
Air conditioning Window Unit(s)
Heat type Forced Air, Gas
Water Source Public
Sewer Public Sewer
Roof Asphalt, Shingle
Utilities Electricity Available, Natural Gas Available, Water Available
Finance
Sales Price $285,000
Real Estate Tax $1,872 yearly
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Schedule a Showing

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Thank you for your interest in 402 Prairie Street, Guthrie Center, IA 50115. We are reviewing your request and will be in touch shortly!

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Guthrie Center

A charming small town with quiet streets and well-maintained homes.

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