About 174 Ne Main Street
Investment Alert!! Check out this income producing property available in New Albin, IA. This property houses three newly updated apartments along with an event center and commercial kitchen. Updates include new flooring and appliances, new water heaters, furnace, AC and updated electrical and plumbing. Current rental income from the apartments totals $2200/month. The commercial side of the property consists of a bar area, commercial kitchen, covered patio. These was formally a successful bar and is now ready to rent out for events such as birthday parties or bachelor parties. Lots of potential areas to expand - The new owner could consider offering pizza and sandwiches for purchase from those using the splash pad or visiting town. How about opening for breakfast on the weekends? Or hosting a televised sporting event? Turn-key situation with the bar and kitchen. Letter of pre-qualification and minimum 24 hour notice required to view apartments.
Features of 174 Ne Main Street
| MLS® # | 20244715 |
|---|---|
| Price | $360,000 |
| Square Footage | 4,400 |
| Acres | 0.14 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 174 Ne Main Street |
|---|---|
| City | New Albin |
| County | Allamakee |
| State | IA |
| Zip Code | 52160 |
Amenities
| Utilities | Electric in Rent, Garbage in Rent, Water in Rent |
|---|---|
| Parking | On Street, None |
Interior
| Cooling | Central Air |
|---|
Exterior
| Roof | Metal |
|---|
School Information
| Elementary | New Albin |
|---|---|
| Middle | Lansing |
| High | Lansing |
Additional Information
| Date Listed | October 18th, 2024 |
|---|---|
| Days on Market | 90 |
| Zoning | R-1 |
| Total Building Sq. Ft. | 0.00 |
| Gross Taxes | $1,982 |
Listing Details
| Agent | Barbara Smed |
|---|---|
| Office | Keller Williams Legacy Group |