506-512 Commercial Street, Central City, IA

$160,000

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2,128

Square feet

About 506-512 Commercial Street

This Four Plex shows an 9.8% return at this time. The tenants pay all utilities, and all are rented so you can walk in and start your investment. The bonus is that there is a vacant lot adjoining that the possibility exists to build another building or garages for the apartments. There is off street parking. Please allow sufficient time ahead for all showings as they are all occupied.

Features of 506-512 Commercial Street

MLS® # 20255384
Price $160,000
Square Footage 2,128
Year Built 1900
Type Residential Income
Sub-Type Quadruplex
Status Active

Community Information

Address 506-512 Commercial Street
City Central City
County Linn
State IA
Zip Code 52214

Amenities

Utilities Elec Individual Meters, Gas Individual Meters, Separate Meters, Water - Multiple Meters
Parking Spaces 4
Parking Parking Pad, None

Interior

Heating Forced Air, Natural Gas
Cooling None

Exterior

Lot Description Corner Lot, Level
Roof Asphalt
Construction Vinyl Siding

School Information

Elementary Central City
Middle Central City
High Central City

Additional Information

Date Listed October 29th, 2025
Days on Market 3
Zoning R-1
Gross Taxes $1,762

Listing Details

AgentMichael Mcdonough
OfficeMcDonough Real Estate

Listing Map

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