107 1st St Panora, IA 50216-2028

This exceptional investment property in Panora, Iowa, presents a rare opportunity to acquire a mixed-use building boasting significant income potential. Located at 107 & 109 N 1st Street, the property comprises two street-level commercial storefronts, ideal for a variety of businesses, and five income-producing apartment units. The building offers a compelling blend of commercial and residential income streams, creating a diversified investment portfolio. One of the residential units has undergone a recent, high-quality renovation, showcasing modern updates and presenting a desirable living space for tenants. Significant improvements have been made to the building's infrastructure, including a new roof and furnace installed at 107 N 1st Street, along with a recently replaced air conditioning unit. These upgrades not only enhance the property's value but also contribute to reduced maintenance costs and increased tenant satisfaction. The property's location on N 1st Street in Panora offers excellent visibility and accessibility, ensuring strong tenant occupancy and potential for future growth. This turnkey investment is ready for immediate income generation and presents a strong return on investment for the discerning buyer. The property is offered at $375,000. Detailed financial statements are available upon request. Don't miss this chance to secure a profitable and well-maintained commercial and residential property in a thriving Iowa community.