Description
Welcome to this fantastic investment opportunity in the charming town of Red Oak, Iowa! This 11 unit apartment building offers a unique chance for value-add potential with room to increase rents and implement Ratio Utility Billing System (RUBS). The property also features a small office space that can be utilized for leasing or rented out for additional income. Potential historic tax credit opportunity as well. Electric is separately metered. Owner pays water and gas. Property has a mixture of furnace, electric baseboard heaters, and a boiler that was install in 2023 in the basement. Building includes appliances, washer & dryers. Agent has equity.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Description
Welcome to this fantastic investment opportunity in the charming town of Red Oak, Iowa! This 11 unit apartment building offers a unique chance for value-add potential with room to increase rents and implement Ratio Utility Billing System (RUBS). The property also features a small office space that can be utilized for leasing or rented out for additional income. Potential historic tax credit opportunity as well. Electric is separately metered. Owner pays water and gas. Property has a mixture of furnace, electric baseboard heaters, and a boiler that was install in 2023 in the basement. Building includes appliances, washer & dryers. Agent has equity.