Property summary
This exceptional investment opportunity in Shell Rock, Iowa, presents a well-maintained six-unit multi-family property located at 409 N Cherry Street, Butler County, zip code 50670. The asking price is $299,000. The property boasts a diverse unit mix, including two efficiency units, two one-bedroom units, one two-bedroom unit, and a three-bedroom house. This provides flexibility for a range of tenants and income streams. A detached two-stall garage adds further value and potential rental income. The property's strong rental history demonstrates its consistent appeal and profitability. Situated in Shell Rock, Iowa, this property benefits from a stable local market. The property is classified as Hospitality, Industrial, and Land, with subtypes of Manufacturing and Commercial. This versatile property offers a compelling investment opportunity for those seeking a proven rental income stream in a desirable location. The property's diverse unit mix and strong rental history make it an attractive prospect for both seasoned investors and those new to the real estate market. Further details are available upon request.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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