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$529,900
Est. payment /mo
5,952 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,952 sqft
Price per Sqft $89
MLS Listing ID 12712388
Year Built 1948
Annual Tax Amount $6,382
Tax Year 2024
Lot Size 10,890 Sqft
Property Sub-Type Multi Family 5+
Property Description
Outstanding investor opportunity to add a high-performing, turnkey asset to your portfolio! Conveniently located in the heart of Blue Grass, this 8-unit multi-family property delivers steady, continuous cash flow from day one. Positioned just off Highway 61 and only ten minutes from the Quad Cities, the property benefits from a strong local rental demand and consistently low turnover. The building features clean, functional unit layouts designed for low-maintenance upkeep, alongside dedicated off-street parking for tenant convenience. On-site coin-operated laundry facilities provide additional income streams while enhancing property utility for residents. With its prime central location, established tenancy, and strong income history, 114 S Mississippi St is an ideal operational addition for both seasoned multi-family investors and portfolio builders.
Location
State IA
County Scott
Area Blue Grass
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Ashley Block of Ruhl&Ruhl REALTORS DeWitt
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