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.
Meservey is located in Iowa. Meservey, Iowa has a population of 305. Meservey is less family-centric than the surrounding county with 24.05% of the households containing married families with children. The county average for households married with children is 25.41%.
The median household income in Meservey, Iowa is $70,000. The median household income for the surrounding county is $58,271 compared to the national median of $69,021. The median age of people living in Meservey is 30.9 years.
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 35 inches per year, with 35.8 inches of snow per year.
