Description
3 Story building in downtown Muscatine: Main Level 2,800 sq. ft. retail or office space currently leased to a long term tenant. ( Business is not for sale or included in the listing price.) The next 2 levels include: 1 bedroom/ 1bathroom apartment, 3 bedroom, 2 bathroom apartment and a 2 bedroom 1 bathroom apartment all with good rental history and current leases. Current Gross Annual Income: $34,740. Annual Insurance: $2,500. Annual Taxes: $4,660. Annual Net Income: $27,580. (11.07% cap rate on asking price.) 24 hour notice to show, no interior photos of apartments.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
3 Story building in downtown Muscatine: Main Level 2,800 sq. ft. retail or office space currently leased to a long term tenant. ( Business is not for sale or included in the listing price.) The next 2 levels include: 1 bedroom/ 1bathroom apartment, 3 bedroom, 2 bathroom apartment and a 2 bedroom 1 bathroom apartment all with good rental history and current leases. Current Gross Annual Income: $34,740. Annual Insurance: $2,500. Annual Taxes: $4,660. Annual Net Income: $27,580. (11.07% cap rate on asking price.) 24 hour notice to show, no interior photos of apartments.
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