606 Hooper Street, Melbourne, IA 50162
sale
$239,900
|
Hospitality
Listed By CENTURY 21 Signature Real Estate
Investor alert! 606 Hopper Street is a completely occupied and priced-to-sell 4-plex in Melbourne, generating over $32,000 in annual income with a strong 9% CAP rate. Each of the four units features 2 bedrooms and 1 bathroom, offering steady demand and reliable rental performance. The property boasts newer siding and a newer roof, minimizing future maintenance costs and adding long-term value. Tenants enjoy the convenience of a coin-operated laundry, and each unit comes fully equipped with a refrigerator and range, ensuring immediate rental readiness. With solid cash flow, consistent occupancy, and key updates already completed, this multifamily property is a standout opportunity. Sold AS-IS, presenting exceptional value for investors looking to expand their portfolio or secure dependable passive income.
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Property Features
- Building Area: 2912.00 SF
- Cross Docks: N
- For Auction: N
- Location Name: 606 Hooper Street , Melbourne
- MLSID: 6334065
- Price Per Area: 0.00
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Tax Year: 2024
- Taxes: $1406.00
- Year Built: 1976
- Zoning: Residen
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