103 Carolina St, Meservey, IA 50457
- Beds
- 6
- Sqft
- 2,819
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Excellent investment opportunity with immediate lease-up potential! This fully vacant fourplex features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, allowing the new owner to lease at current market rents from day one. Major capital improvements include a new steel commercial roof, durable brick exterior in excellent condition, and newer flooring throughout all four units, helping minimize future maintenance costs. Each unit is separately metered with its own electrical breaker panel, while water is on a single meter and included in the rent for simplified management. A fifth shared laundry room provides an additional amenity for tenants and offers potential for supplemental income with coin-operated or app-based laundry equipment. Whether you're looking to expand your portfolio or complete a value-add lease-up, this property offers a solid foundation with strong income-producing potential.
Location
Full feature list
Basic info
- Property type
- Other residential
- Number of stories
- 1
- Number of bedrooms
- 6
- Square feet
- 2,819
Interior features
- Basement
- Yes, Finished
Utilities
- Heating
- Electric, Forced Air
- Cooling
- Central Air
Taxes
- Tax Annual Amount
- $980
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Des Moines Area Association of REALTORS® MLS MLS®#: 744210 Last checked: …
