111 E Ninth Street Active Save Request In-Person Tour Request Virtual Tour
Madrid,IA 50156
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,049 sqft
Price per Sqft $91
MLS Listing ID 720665
Style Two Story
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1885
Annual Tax Amount $2,918
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Great opportunity to add to or start your rental portfolio with this 3-plex in the heart of Madrid! This 2-story multi-family property sits on a spacious double lot and features fresh exterior and interior paint along with new carpet. It includes three 1-bed, 1-bath units. Two are on the main level and one upstairs. One main-floor unit offers a non-conforming bedroom/flex space. One unit is currently rented, providing immediate income. The nearby High Trestle Trail adds appeal for renters. The extra .23-acre lot to the north is perfect for adding a shop or future expansion. A smart investment with long- or short-term rental potential. Schedule your showing today!
Location
State IA
County Boone
Area Madrid
Zoning PUD
Rooms
Basement Partial,Unfinished
Interior
Interior Features Cable TV
Heating Forced Air,Gas,Natural Gas
Cooling Window Unit(s)
Flooring Carpet,Vinyl
Fireplace No
Appliance Refrigerator,Stove
Exterior
Private Pool No
Building
Lot Description Rectangular Lot
Entry Level Two
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Madrid
Others
Tax ID 088226364186042
Monthly Total Fees $243
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional