This 5-unit property has a great ROI. The occupancy has been very high. The current owners have replaced the roof, updated electrical, and divided a 2-bedroom upstairs apartment to two 1-bedroom. There is potential to convert the front downstairs 2-bedroom back to a commercial space as it has served in both capacities.
Elgin is located in Iowa. Elgin, Iowa has a population of 724. Elgin is more family-centric than the surrounding county with 32.23% of the households containing married families with children. The county average for households married with children is 25.82%.
The median household income in Elgin, Iowa is $50,260. The median household income for the surrounding county is $48,412 compared to the national median of $57,652. The median age of people living in Elgin is 42.7 years.
The average high temperature in July is 82 degrees, with an average low temperature in January of 7.2 degrees. The average rainfall is approximately 36.2 inches per year, with 39.1 inches of snow per year.