21 1ST ST W, Spencer,
IA 51301

MLS # 831915

$175,000

  • N/A
  • 1
  • 4308
  • Active

General Description

21 W 1st Street | Spencer, IA Value-add opportunity in Spencer! This 6-plex offers strong upside for an investor ready to complete renovations and increase cash flow. The property has been partially remodeled, with 2 of the 6 units currently rented, providing immediate income. The remaining 4 units offer the ability to renovate, lease up, and significantly improve overall returns. With improvements already underway, much of the heavy lifting has been started, allowing the next owner to step in and finish the project. Conveniently located near downtown Spencer amenities, this is a prime opportunity for investors looking to build equity and increase long-term cash flow.

Legal: 12 G O.P.
Status: Active

Property Information

831915

$175,000

21 W 1ST ST

Surrounding Areas/Other Areas

Spencer

Clay

IA

Sale

Multi-Unit

4308

1

54

1949

1

51301

3989

LISTED BY

Gateway Real Estate Advisors, Nic Madsen (712.540.6562)

PROPERTY LOCATION

MORTGAGE CALCULATOR

Rachel Carlson - REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Cassie Chilton - Office Manager & Compliance Specialist

Cassie Chilton

Office Manager & Compliance Specialist

Jeff Carlson - BROKER/OWNER

Jeff Carlson

BROKER/OWNER

Ask About this Property #831915

MARKET WATCH

Open House(56)
Price Adjustment(32)
Price Decreased(316)

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