409 Cherry St Shell Rock, IA 50670
- Manufacturing properties
Current Use by Public Records
- Manufacturing properties
Property Details for 409 Cherry St
- Property type
- Manufacturing properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shell Rock
- County
- Butler
- State
- Iowa
- Longitude
- -92.5791528
- Latitude
- 42.7143219
