Remarks

Exceptional investment opportunity at the bustling intersection of Madison Ave. and Harrison St. This income-producing commercial building is strategically positioned in a highly visible area, boasting a turnkey laundromat on the main floor and two upstairs apartments. Features: • Turnkey Laundromat: The main floor of this property features a turnkey laundromat, ready to be revitalized and operationalized for immediate income generation. Alternatively, the space offers versatile potential for various business, commercial, or office purposes, catering to your entrepreneurial vision. • Residential Units: Upstairs, you’ll find two one-bedroom apartments, each contributing to the property’s revenue stream. Currently, these units generate a combined monthly income of $1,070. • Building Improvements: Enjoy peace of mind with building upgrades, including maintenance free vinyl siding, many replacement windows throughout the building and both newer shingled and metal roof sections. • Independently Metered Utilities: Gas and electric utilities are separately metered, ensuring that tenants take responsibility for their usage. The landlord’s obligations are limited to trash and water expenses, simplifying management. • Convenient Parking: In addition to ample street parking, the property features a rear parking lot, providing ease of access for tenants and customers alike. PROPERTY SELLING AT ONLINE AUCTION- LIST PRICE IS ASSESSED VALUE AND HAS NO EFFECT ON FINAL SALE PRICE.

Details

MLS#: 6317572
Price: $111,000

Style: Other
Sq Ft: 2144

County: Des Moines
Tax Fee: 1662