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174 NE Main Street New Albin, IA 52160
- Multi-family (2-4 units) / Resale (MLS)
Property Details for 174 NE Main Street, New Albin, IA 52160
Features
- Price/sqft: $81
- Total Units: 4
Facts
- Year Built: 01/01/1900
- Property ID: 949593509
- MLS Number: 20244715
- Property Type: Multi-family (2-4 units)
- County: ALLAMAKEE
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Investment Alert!! Check out this income producing property available in New Albin, IA. This property houses three newly updated apartments along with an event center and commercial kitchen. Updates include new flooring and appliances, new water heaters, furnace, AC and updated electrical and plumbing. Current rental income from the apartments totals $2200/month. The commercial side of the property consists of a bar area, commercial kitchen, covered patio. These was formally a successful bar and is now ready to rent out for events such as birthday parties or bachelor parties. Lots of potential areas to expand - The new owner could consider offering pizza and sandwiches for purchase from those using the splash pad or visiting town. How about opening for breakfast on the weekends? Or hosting a televised sporting event? Turn-key situation with the bar and kitchen. Letter of pre-qualification and minimum 24 hour notice required to view apartments.
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Property Brokerage:
Legacy Group REALTORS
607 Rossville
Waukon
IA
52172
Copyright © 2025 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.