Skip To Content

506-512 Commercial Street

Central City, IA 52214
  • $155,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 20255384
$155,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:

Description

This Four Plex shows an 9.8% return at this time. The tenants pay all utilities, and all are rented so you can walk in and start your investment. The bonus is that there is a vacant lot adjoining that the possibility exists to build another building or garages for the apartments. There is off street parking. Please allow sufficient time ahead for all showings as they are all occupied.

Monthly Payment Calculator



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2026-01-13T23:41:43.61 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.movewithvvre.com/homes/169441149
Print Image

506-512 Commercial Street Central City, IA 52214

  • Price: $155,000
  • Status: Active
  • On Site: 74 Days
  • MLS #: 20255384
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1900
Built
County:
Linn
Elementary School:
Central City
Middle School:
Central City
High School:
Central City
Property Description
This Four Plex shows an 9.8% return at this time. The tenants pay all utilities, and all are rented so you can walk in and start your investment. The bonus is that there is a vacant lot adjoining that the possibility exists to build another building or garages for the apartments. There is off street parking. Please allow sufficient time ahead for all showings as they are all occupied.
Exterior Features

Construction Materials Vinyl Siding Lot Features Corner LotLevel Lot Size Dimensions 120 x 108 Open Parking Spaces 4 Parking Features Parking PadNone Regular Irregular Reg Roof Asphalt Siding Vinyl

Interior Features

Above Grade Finished Area 1064 Basement Entrance-OutsideStone/Rock Below Grade Finished Area 0 Cooling None Heating Forced AirNatural Gas Laundry Features None Levels Two Second Level Square Footage 1064 Third Level Square Footage 0 Total Square Footage 2128

Property Features

Additional Parcels YN Yes Electric Separate By Unit Yes Flood Plain C/X - Not in Flood Plain For Sale Rent For Sale Fuel Type Natural Gas Heat Separate By Unit Yes Lease Term Month To Month Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Normal Sale Tax Annual Amount 1762 Tenant Pays ElectricityGarbage Pick-upGasHeatTrash CollectionWater Utilities Elec Individual MetersGas Individual MetersSeparate MetersWater - Multiple Meters Water Separate By Unit Yes Water Sewer Expense 0 Water Source Public Zoning R-1



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2026-01-13T23:41:43.61 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
https://bt-photos.global.ssl.fastly.net/neirbr/1280_boomver_1_20255384-1.jpg https://bt-photos.global.ssl.fastly.net/neirbr/1280_boomver_1_20255384-1.jpg
Logo
Vine Valley Real Estate
808 E. 18th St.
Cedar Falls IA, 50613