317 1St Street, Spencer, IA 51301 for Sale

MLS #250398 | Bojihomes.com

$149,900

  • 7
  • 3
  • 2610
  • Active

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


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

Aaron Jones

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

Will Kretsinger - REALTOR

Will Kretsinger

REALTOR

Ask About this Property #250398

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COMMUNITY

Okoboji Boat Works

Okoboji Boat Works in West Lake Okoboji

Okoboji Boat Works is home to "The Fish Shack" and "The Inconvenience Store". Formerly a marina of thriving boat sales since 1890, OBW now offers up many different rentals, a 24 hour gas dock, excursion boats, and more. I remember the days as a child of fishing for crappie and blue gill here and along the docks of Smith's Bay. Though the scenery has changed, the outstanding fishing has not.

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Haywards Bay

Haywards Bay in West Lake Okoboji

Haywards Bay on West Lake Okoboji boasts low approaches and one of the few areas on West Lake to offer sand beaches. Renowned for the "bay of the flags", you will know you are in Haywards bay because of the all the American flags on the end of the docks. Fishing is great in Haywards Bay and the sunsets are one in a million. To get to Haywards Bay by car, one would drive the east side of the lake on Lakeshore Dr.

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"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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