Description
Excellent Investment Opportunity - Five Apartment Buildings on the North Side! Outstanding investment opportunity featuring five apartment buildings situated on a large corner lot with frontage on two roads and multiple entrances for convenient ingress and egress. The property offers a total of 21 apartment units including 19 one-bedroom apartments and 2 two-bedroom apartments. Additional improvements include an on-site office building with a full bathroom, plus a separate storage garage. Three vacant lots are also included with the property, providing additional space and potential opportunities. PROPERTY ADDRESSES: 200 N 12th Street, 206 N 12th Street, 210 N.12th Street, 1114 Harrison Street Convenient North Side location close to downtown, shopping, and other amenities, with all city utilities and conveniences. A unique opportunity to own a multi-building rental property with additional land and potential for future growth. Great investment opportunity for the investor looking to expand their rental portfolio!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Jefferson
Listed By:
C21 All Pro Real Estate
618-242-9850
MRED MLS
MLS ID: 12801271
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210 N 12th Street, Mount Vernon, IL 62864.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $650,000 | $650,000 | $650,000 |
| Down Payment | $130,000 | $22,750 | $162,500 |
| Monthly Mortgage Amount | $3,373 | $4,193 | $4,180 |
| Taxes | $905 | $905 | $905 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $286 | $0 |
| Monthly Estimated Total | $4,468 | $5,574 | $5,275 |
About this area
Find homes for sale in Mount Vernon, Iowa, and learn about the local community and real estate market.
Mount Vernon is located in Linn County, Iowa. This vibrant town of 4,500 is a college community with – in the words of Budget Travel Magazine – “great coffee, food with character, and shop owners with purpose.” Cornell College, a liberal arts institution with 1,200 students, sits at the center of town. With parks, small businesses, and historical sites, Mount Vernon is a great place to call home.
Ruhl&Ruhl Realtors has homes for sale in Mount Vernon, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Mount Vernon, Iowa. Mount Vernon is located in the Cedar Rapids area, within Linn County, IA. For more real estate options, view homes for sale in the Cedar Rapid’s area.
See more houses for sale in the Cedar Rapids, IA area.
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Cedar Rapids, IA 52402
Phone Number: (563) 441-1776