606 Hooper Street, Melbourne, IA 50162
- Sqft
- 2,912
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 2,912
- Lot size (acres)
- 0.17
- Year built
- 1976
Interior features
- Basement
- Yes
Utilities
- Heating
- Forced air
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Electricity
- $720
Taxes
- Tax Annual Amount (2024)
- $1,406
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: NoCoast MLS (North Central Iowa) MLS®#: 6334065 Last checked: …

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