1518 4th Avenue, Spencer, IA 51301

Homes for Sale in Spencer, IA 51301 | MLS #240960

$550,000

  • 12
  • 8
  • 4704
  • Active
Price Decreased

General Description

Presenting a fantastic property with four well-designed apartments, each featuring 3 bedrooms, 1.5 bathrooms, and an attached garage. Enjoy great views of the Spencer Municipal Golf Course and the benefit of large decks for added outdoor space. These apartments have a solid rental history, with all four currently under long-term leases, making this an attractive option for investors seeking reliable income. With each unit over 1,100 square foot, this property offers both value and potential.

Legal: 6 HARTS 2ND RES SUB (EXACT LEGAL PER ABSTRACT)
Status: Active

Property Information

240960

$550,000

Sale

Quadruplex

MULTIFAMILY

1518 4th Avenue SW

Spencer

IA

51301

12

8

4704

13000

Attached

4

4692

2022

Spencer

1977

Features

No

Utilities

No

LISTED BY

Jensen Real Estate, Matt Lippon (712.330.0604) & Jensen Real Estate, Michael Jensen (712.330.0604)

PROPERTY LOCATION

MORTGAGE CALCULATOR


RE/MAX Lakes Realty - Licensed in Iowa and Minnesota.  Each Office Independently Owned and Operated

RE/MAX Lakes Realty

Licensed in Iowa and Minnesota. Each Office Independently Owned and Operated

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COMMUNITY

Weasy’s Lounge & Grill

Weasy’s Lounge & Grill in Spencer

Known locally as the Home of the “Weaser pleaser” you’ll find a full menu with a little something for everyone. The dunker burger, fried pickles, breaded cauliflower, and the crab rangoons come fully recommended. I’ve never had a meal or appetizer I wouldn’t recommend. Friendly staff and servers all inside a fun, clean, and inviting atmosphere! Located right on Grand Avenue in Spencer, Iowa they cover all your catering needs. Dine in, carry-out, reserve a party room, or stop in for Happy Hour!!

Real Estate and MLS Homes For Sale in Spencer

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