17 W 4Th Street, Atlantic, IA 50022
sale
$399,000
|
Apartment
Courtesy Of Atlantic Home Realty
INVESTMENT OPPORTUNITY NEAR MAIN STREET IN ATLANTIC! This apartment complex offers an income-producing opportunity with numerous improvements already completed and additional potential for the next owner. Updates include a new roof within the last 5 years, new electrical breakers, fresh paint in most apartments, new flooring and appliances in select units, new paint and carpet in the hallways, and several new entry doors. Three apartments have also been remodeled and reconfigured into two 2-bedroom apartments and one 3-bedroom apartment, providing desirable rental options. Utilities are separated to each renter, helping ownership manage operating expenses. The basement was formerly used as a retail storefront and is currently open and ready for its next use. This additional space offers the potential for future commercial, rental, storage, office, or other income-producing opportunities, subject to any required approvals. Located near Atlantic's Main Street, tenants are close to downtown amenities, shopping, dining, and community conveniences. Updated where it matters. Income-producing. Room to grow. And plenty of potential for the investor with a vision. Bring your investment strategy and take a look at what this property could become!
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Property Features
- Age: Over 50 Years Old
- Building Units: 11
- Exterior Type: Brick
- Heating System: Forced Air
- Legal Description: E 70' N 15' LOT 20 & M 1/3 L21-22-23-24 BLK 28
- MLSID: 6342246
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