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215 E 2ND ST Muscatine, IA 52761
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Key Details
Sold Price $185,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $22
MLS Listing ID QC4250812
Sold Date 09/13/24
Originating Board rmlsa
Year Built 1890
Annual Tax Amount $4,516
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 20 x 140
Property 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: $4,516. Annual Net Income: $27,724. (13.8% cap rate on asking price.) 24 hour notice to show, no interior photos of apartments.
Location
State IA
County Muscatine
Area Qcara Area
Zoning Commercial
Direction Downtown Muscatine
Interior
Heating Forced Air, Gas
Cooling Central Air
Flooring Carpet, Concrete, Tile/Vinyl, Wood
Fireplace N
Exterior
View true
Roof Type Flat
Garage 1
Building
Building Description Brick, Cable,Fiber Optics
Faces Downtown Muscatine
Sewer Public Sewer
Water City Water/Connected, Municipal/City
Structure Type Brick
Others
Tax ID 0835483012
Security Features No
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