Building Details

Construction brick

Listing Agency: EXP Realty, LLC h***@gmail.com Show Phone

Listed By: Fernando Aveiga (515) 782-5174

Source: Centraliowahomesearch

Added: Jun 26 Changed: Aug 28 Last Checked: Aug 29 at 10:37AM

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Investment Insights

Based on property information with market context.

This fully vacant fourplex contains four residential units: two with two bedrooms and one bathroom each, plus two with one bedroom and one bathroom each. The property totals 2,819 square feet and includes newer flooring throughout. Major improvements include a new steel commercial roof and a brick exterior in excellent condition.

Each unit has a separate electric meter and its own electrical breaker panel. Water is served by one shared meter and is included in the rent. A fifth shared laundry room serves the units and can accommodate coin-operated or app-based equipment. The property is located at 103 Carolina St, IA 50457.

Key Highlights

• Fourplex with two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
• 2,819‑square‑foot property with newer flooring throughout all four units
• New steel commercial roof and brick exterior in excellent condition

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Storage Facility Pet Store & Service Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 50457, IA

361

Population

225

Households

1.6

Avg Household Size

44

Median Age

11%

College-Educated

88%

High-School Grad

34.0 sq mi

ZIP Area

11

Density / Sq Mi

$47,321

Median Household Income

$34,250

Median Earnings

$667

Median Rent

$94,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Fully vacant fourplex with separately metered electric service and newer flooring throughout all units.

Where is this quadplex located?

The property is located at 103 Carolina St Meservey, IA.

What is the asking price?

The asking price for this property is $120,000.

What are key features of this property?

This property features: Fourplex with two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 2,819‑square‑foot property with newer flooring throughout all four units; New steel commercial roof and brick exterior in excellent condition