318 Stevens St Iowa Falls, IA 50126-2213

This exceptional investment opportunity presents a charming two-story, four-unit apartment building situated at 318 Stevens St, Iowa Falls, IA 50126. Built in 1910, this property offers a blend of historic character and modern updates, making it an ideal addition to any portfolio. The main floor boasts 1320 square feet of retail space, complete with an accessible bathroom, newer flooring, and fresh paint. This space is currently occupied and generating income. Adjacent to the retail space is a 720-square-foot apartment, also occupied, with convenient open parking. Upstairs, two additional one-bedroom apartments, each measuring 708 square feet, provide further rental income streams. These upper units are currently occupied. The main floor is equipped with radiant heat and central air conditioning for optimal comfort and efficiency. The asking price for this turnkey investment property is $163,000. This property is located in Hardin County and offers a unique opportunity to combine business ownership with a strong rental income stream. The building consists of one structure with two stories. This is a multifamily property with retail space, offering a diverse income stream.