This 4-unit property has a great ROI. The occupancy has been very high. The current owners have replaced the roof and updated electrical. Each unit has 2-bedrooms. 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 779. Elgin is more family-centric than the surrounding county with 36.46% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Elgin, Iowa is $55,481. The median household income for the surrounding county is $50,973 compared to the national median of $69,021. The median age of people living in Elgin is 41.8 years.
The average high temperature in July is 82.8 degrees, with an average low temperature in January of 7.7 degrees. The average rainfall is approximately 36.6 inches per year, with 37.8 inches of snow per year.