Kenny Hora
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Investment Opportunity in Mount Ayr, Iowa! Discover the potential of this exceptional income-producing property featuring a 12-unit apartment complex, commercial office space, and over 2 acres of prime commercial real estate in a highly visible location along Highway 2. All apartment units offer 2 bedrooms, 1 bathroom, and in-unit laundry, providing desirable amenities for tenants. The commercial space is currently occupied by a medical office and offers additional room for expansion or the addition of other businesses. With over 2 acres of land, this property presents an excellent opportunity for future development, including additional rental units or commercial improvements to maximize income potential. Strategically located on Highway 2, the property benefits from strong traffic exposure and easy accessibility, making it an attractive investment for both residential and commercial tenants. Contact the listing agent today for additional details and financial information.
Property Highlights
Property Type: Commercial - Investment
Year Built: 1993
Lot Size: 2.00 acres
General Information
County: Ringgold
Listed By:
South Central Iowa Realty
641-464-2080
No Coast MLS
MLS ID: 6105558
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1201 E South Street, Mount Ayr, IA 50854.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | FHA 30 Year Fixed | 15 Year Fixed | VA 30 year fixed |
| Purchase Price | $1,100,000 | $1,100,000 | $1,100,000 |
| Down Payment | $38,500 | $275,000 | $0 |
| Monthly Mortgage Amount | $6,738 | $6,906 | $7,010 |
| Taxes | $1531 | $1531 | $1531 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $660 | $0 | $0 |
| Monthly Estimated Total | $9,250 | $8,758 | $8,862 |
Kenny Hora
REALTOR®
Cell: (319) 651-9335
Licensed in IA
Muscatine Office
226 East 2nd Street
Muscatine, IA 52761
(563) 264-0240
Muscatine, IA 52761
(563) 264-0240
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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