Sold

606 Hooper Street, Melbourne, IA 50162

Sqft
2,912

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCentury 21 Signature Real Estate
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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

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Sourced from: NoCoast MLS (North Central Iowa) MLS®#: 6334065 Last checked:

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