317 1St Street, Spencer, IA 51301

Spencer, IA Homes for Sale in 51301 and Real Estate MLS # 250398

$149,900

  • 7
  • 3
  • 2610
  • Active
New Listing

General Description

This 3-plex property presents a fantastic investment opportunity with multiple options for potential buyers. Whether you're looking to live in one unit while renting out the others, or rent all three for a steady income stream, this building offers great versatility. The first-floor unit features 4 bedrooms (1 non-conforming), 1 bath, and has been updated with newer cabinets, countertops, sink, and flooring. The second-floor unit includes 2 bedrooms, 1 bath, and boasts a new refrigerator and kitchen windows. The third-floor unit offers a cozy 1 bedroom, 1 bath, and has been refreshed with a new vanity and refrigerator. Each unit is equipped with electric baseboard heat, and tenants provide their own window air conditioning units. The property also includes a basement with 3 new electric water heaters, as well as a new Speed Queen coin-operated washer and dryer for tenant use. While the driveway is shared, there is alley access for additional parking and street parking options. The garage is currently used by tenants for storage. Don't miss out on this prime opportunity to own an income-generating property! Showings to start on Friday & Saturday 18th & 19Th, then tenants would like 24hr notice for any showings after the 19th.

Legal: 14 9 L & H **Legal as per abstract**
Status: Active

Property Information

250398

$149,900

Sale

Triplex

MULTIFAMILY

317 W 1St Street

Spencer

IA

51301

7

3

2610

5368

Detached

1512

2023

Spencer

1910

Features

No

Utilities

No

LISTED BY

Hinn Real Estate, Doug Small (712.336.1240)

PROPERTY LOCATION

MORTGAGE CALCULATOR


RE/MAX Lakes Realty - Licensed in Iowa and Minnesota.  Each Office Independently Owned and Operated

RE/MAX Lakes Realty

Licensed in Iowa and Minnesota. Each Office Independently Owned and Operated

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COMMUNITY

Spencer Golf & Country Club

Spencer Golf & Country Club in Spencer

Spencer Golf & Country Club, established in 1919, is a Semi-Private Golf Club featuring its well manicured 18 hole championship golf course and full service restaurant experience. Outstanding membership rates are available to residents, non-residents, and corporations. If a membership isn't right for your needs, non-residents of Spencer are welcome to play anytime that the course is available, as often as you would like. If you are looking to host a corporate outing, organization fundraiser outing, or group golf outing, look no further than Spencer Golf & Country Club. We can accommodate groups as big as 200 golfers and more with all the professional golf tournament services. The Country Club is also an excellent choice for your next business meeting, banquet, or wedding reception.

Real Estate and MLS Homes For Sale in Spencer

The Sports Page Bar & Grill

The Sports Page Bar & Grill in Spencer

Sports Page is a fan favorite restaurant in Spencer, Iowa. With their never ending menu, with classic American food, its sure to please everyone that visits! With TV's everywhere you look, you won't miss any of the action, whether it be football, baseball, basketball, or any of the other major sports, Sports Page has you covered! This family friendly restaurant offers a comfortable atmosphere for all to enjoy.

Real Estate and MLS Homes For Sale in Spencer

Gary's on the River

Gary's on the River in Spencer

Gary's is newly owned by Rabab, and sure to keep your taste buds coming back for more. The menu still features classic American comfort food, as well as some of Rabab's Mediterranean favorites. This comfortable, yet classy restaurant is perfect for date night, or family night. Gary's features their ever popular "pizza night" on Thursdays and Fridays, which is always amazing, and their "pasta night" on Wednesdays, which is sure to keep you full all night!

Real Estate and MLS Homes For Sale in Spencer

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