Excellent investment opportunity to acquire this rare multi-family residential and commercial triplex perfectly situated in a popular arterial commercial district. With separate gas and electric meters to keep overhead low, this property offers options to maximum returns. The property includes abundant front parking space, a highly coveted feature that comfortably accommodates multiple vehicles and provides easy, hassle-free access for commercial clients. Unit 1 (residential) provides a sprawling, rare 4-bedroom layout featuring 1 full bath, a 3/4 ensuite bath, and an additional half bath—ideal as a premium rental or spacious owner's quarters. Unit 2 (Residential) is a spacious 2-bedroom, 1-bathroom layout with lots of natural light. Unit 3 (Flexible/Commercial Space): The ultimate flex option, this space can be utilized immediately as commercial storefront/offices or add a shower and kitchen for comfortable residential living, allowing you to adapt seamlessly to market demand. Each unit has its own private entrance. This home offers a nice sized back yard and is steps away from a vibrant array of local stores, dining, and essential services. The location provides convenience for tenants and maximum accessibility for business operations. Whether you are looking to move in, expand a traditional portfolio, or blend commercial and residential, this versatile property could fit perfectly in your portfolio. To respect tenant privacy, interior photos are available upon request.
This property is a two-family conversion home featuring two units with private entrances, two-car detached garage and an additional storage building. The exterior has been updated with new shingles and siding. Many recent interior upgrades, new appliances and new electric service and panels. The larger front unit features three bedrooms and one full bath. This unit has laundry hook up and also all appliances including a dishwasher. This is a very spacious rental with nice finishes including beautiful woodwork. The back unit has also been upgraded with a new water heater and a new mini split unit. All appliances included as well. Full unfinished basement. Both units currently rented. Schedule your showing today!
Newton is located in Iowa. Newton, Iowa has a population of 15,688. Newton is less family-centric than the surrounding county with 25.64% of the households containing married families with children. The county average for households married with children is 29.28%.
The median household income in Newton, Iowa is $51,026. The median household income for the surrounding county is $63,182 compared to the national median of $69,021. The median age of people living in Newton is 40.6 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 10.4 degrees. The average rainfall is approximately 35.9 inches per year, with 27.9 inches of snow per year.
