317 1St Street, Spencer, IA 51301 for Sale

MLS #250398 | Bojihomes.com

$149,900

  • 7
  • 3
  • 2610
  • Active
New Listing

General Description

This 3-plex property presents a fantastic investment opportunity with multiple options for potential buyers. Whether you're looking to live in one unit while renting out the others, or rent all three for a steady income stream, this building offers great versatility. The first-floor unit features 4 bedrooms (1 non-conforming), 1 bath, and has been updated with newer cabinets, countertops, sink, and flooring. The second-floor unit includes 2 bedrooms, 1 bath, and boasts a new refrigerator and kitchen windows. The third-floor unit offers a cozy 1 bedroom, 1 bath, and has been refreshed with a new vanity and refrigerator. Each unit is equipped with electric baseboard heat, and tenants provide their own window air conditioning units. The property also includes a basement with 3 new electric water heaters, as well as a new Speed Queen coin-operated washer and dryer for tenant use. While the driveway is shared, there is alley access for additional parking and street parking options. The garage is currently used by tenants for storage. Don't miss out on this prime opportunity to own an income-generating property! Showings to start on Friday & Saturday 18th & 19Th, then tenants would like 24hr notice for any showings after the 19th.

Legal: 14 9 L & H **Legal as per abstract**
Status: Active

Property Information

250398

$149,900

Sale

Triplex

MULTIFAMILY

317 W 1St Street

Spencer

IA

51301

7

3

2610

5368

Detached

1512

2023

Spencer

1910

Features

No

Utilities

No

LISTED BY

Hinn Real Estate, Doug Small (712.336.1240)

PROPERTY LOCATION

MORTGAGE CALCULATOR


Will Kretsinger - REALTOR

Will Kretsinger

REALTOR

Aaron Jones - ABR | SRS, RE/MAX Hall of Fame & Lifetime Achievem

Aaron Jones

ABR | SRS, RE/MAX Hall of Fame & Lifetime Achievem

Ask About this Property #250398

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COMMUNITY

"The Bridge"

"The Bridge" has been referred to by the Wharf Bridge, the Kentucky Fried Chicken Bridge, the bridge connecting East and West, among other names. In the good old days, this was actually a draw bridge converted to the current permanent structure. In the 90's when the 3 lane was installed, there was talk about removing the bridge and making some drastic changes. All in all, the base of the bridge remained, and the upper structure was improved. I remember as a kid jumping off the bridge, and fishing on and under the bridge. In fact, an unforgettable memory I have is when I was fishing with my cousin and I casted out trying to reach the opposite corner of the bridge with my lure. In mid air, a pigeon flew and the timing was so great that my line wrapped around the pigeon, and the pigeon went into the water. I reeled it up and had caught a pigeon. My cousin then decided to hold this pigeon inside the front of his coat. We went to show people at Okoboji Boats what we had caught. When we got there, he opened his jacket, and the pigeon had pooped all over his white shirt.

Real Estate and MLS Homes For Sale in West Lake Okoboji

"The Tressle"

"The Tressle" bridge used to carry the old railroad that traversed the area. Now the tressle is home to some of the areas best fishing. Served as a hot spot for fisherman, and a trail for walkers and bikers, the tressle is a classic structure of the Okobojis. We spent days jumping off of the tressle doing cannonballs, preachers, flips and the like. I know in my life my friends and I have caught literally tens of thousands of crappie and blue gill off the tressle bridge.

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The Three Sons

The Three Sons in Milford

Founded in 1960, the Three Sons has been a staple of Milford, IA retail. From Herman and Emil Richter, owners, was born the University of Okoboji, a ficticious university that calls the entire Iowa Great Lakes the campus of the U of O. Part of the experience of shopping the three sons, if walking the old battered floors, and taking a trip upstairs for half price, plus a buck. Brands you would expect in Milford Iowa are abundant, such as Patagonia, Oakley, Under Armour, Tommy Bahama, and more. There are currently 2 other stores; one at the amusement park, and another near the Regal Beagle called the bridge store. No self-respecting visitor to Okoboji leaves without visiting one of their stores.

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