Four-Unit Multifamily Investment Opportunity This one-of-a-kind four-family conversion offers an excellent opportunity for investors looking for an established rental property with strong income potential. Thoughtfully converted into four separate units, the property offers a functional layout and a unique investment opportunity. Each of the four units features 2 bedrooms and 1 bathroom, with shared laundry conveniently located in the common area. All four units are occupied and current monthly rents: - Unit A: $1,065/month - Unit B: $1,025/month - Unit C: $1,225/month - Unit D: $850/month Landlord currently pays the utilities. Recent exterior improvements include a new metal roof and gutters on the north portion of the building in 2024 and new vinyl siding installed in 2022. The property also includes a small garage and outdoor garden shed, adding valuable storage and functionality. With four well managed income-producing units, recent exterior updates, and a unique conversion that offers plenty of character, this property presents an excellent opportunity for both seasoned investors and those looking to expand their rental portfolio. This property is owned by the Listing Agent.
Great investment opportunity in this spacious 3-unit property with classic two-story curb appeal, a covered front porch, hardwood floors, original wood trim, large windows, and generous interior living spaces. The two upstairs 1 bedroom/1 bath apartments are currently occupied and rent for $600/month each. The main-level apartment is available to rent or owner-occupy, offering 2 bedrooms, both with en-suite baths, plus large living/dining areas and access to a carport and shared backyard. Utilities are separately metered for each unit and billed individually.
Location, location, location! Most recently home to Bountiful Bakery, this versatile property offers exceptional potential as an investment, owner-occupied residence, multi-family rental, or the perfect place to launch your business. With separately metered units and approximately 2,000 square feet of usable space (includes 2.50 baths), the property provides flexibility for a variety of living and income-producing arrangements. Whether you're looking to occupy the entire building, generate rental income while living on-site, or create a unique live-work setup, the possibilities are extensive. Features include multiple entrances (front, side, and rear), beautiful hardwood floors, updated bathroom spaces, a side deck, garage space, and a shaded backyard. An unfinished attic offers additional potential for expansion or customization. Conveniently located near shopping, dining, services, and other everyday amenities, this property presents a rare opportunity to add value and make it your own.
Triplex located near campus and Everybody's. Covered porch and nice entry area. Main level unit rents for $650/month and includes a stove/refrigerator and laundry hookups & 2 bedrooms. Second unit rents for $750/month and has appliances and laundry hookups & 2 bedrooms. Upstairs unit (currently rented) rents for $550/month with stove & refrigerator. Separate garage is rented for $50/month. Potential in basement for a studio apartment. Basement & main-level apartment have separate furnaces. Upstairs apartments have electric baseboard. New roof, new electric, & new plumbing. All separately metered (water/electric/gas). Your opportunity to grow your portfolio.
Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Fairfield is located in Iowa. Fairfield, Iowa has a population of 9,653. Fairfield is less family-centric than the surrounding county with 25.28% of the households containing married families with children. The county average for households married with children is 26.3%.
The median household income in Fairfield, Iowa is $43,006. The median household income for the surrounding county is $47,950 compared to the national median of $69,021. The median age of people living in Fairfield is 39.1 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 38 inches per year, with 25.7 inches of snow per year.
