21 1ST ST W, Spencer, IA 51301

Spencer, IA Multi-Unit Homes for Sale with Real Estate 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

3

1949

1

51301

3989

LISTED BY

Gateway Real Estate Advisors, Nic Madsen (712.540.6562)

PROPERTY LOCATION

MORTGAGE CALCULATOR

This Multi-Unit property located at 21 1ST ST W (MLS # 831915) falls under the category of Multi-Unit Homes for Sale in Spencer, IA. Listed on , this property is priced at $175,000. Featuring N/A bedrooms and 1 bathrooms, this property at 21 1ST ST W offers 4308 sqft of living space and was constructed in 1949. Whether you are interested in exploring new listings in Spencer or specifically looking at properties on 21 1ST ST W, you can access all market statistics and community information you need.

For more information on 21 1ST ST W and other properties in the surrounding Surrounding Areas/Other Areas, feel free to contact RE/MAX Lakes Realty, the leading real estate agency in the Iowa Great Lakes region and the host of . Our experienced team is ready to assist you with your real estate search in and around Spencer, IA.
Jeff Carlson - BROKER/OWNER

Jeff Carlson

BROKER/OWNER

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

Ask About this Property #831915

MARKET WATCH

Open House(57)
Price Adjustment(33)
Price Decreased(327)

Share

NEWSLETTER

RE/MAX Experience APP

The Carlson Group Real Estate Team Real Estate App is brought to you exclusively by RE/MAX Experience and LeadCity CRM. This free search and transaction management app was custom developed for over a year and focuses purely on providing the very best search features, easy account management, and transaction management. The focus is purely on the consumer and the Carlson Group Real Estate Team app is a combination of Zillow, Realtor.com, RE/MAX.com, and Carlson Group Real Estate Team and combines the best features from each of those apps into one power packed app.

Download our app

Available on the app store
Available on the google play store

Get in touch With us