215 E 2ND Street, Muscatine, IA 52761 | QC4234862 | Mel Foster Brokerage, LLC

215 E 2ND Street $259,000

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    215 E 2ND Street Muscatine, IA 52761

    • 0.06 Acres
    • Commercial
    • MLS# QC4234862
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    Views: 106 Days On Site: 144

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    Property Details

    3 Story building in downtown Muscatine: Main Level 2,800 sq. ft. retail or office space currently leased to a long term tenant. ( Business is not for sale or included in the listing price.) The next 2 levels include: 1 bedroom/ 1bathroom apartment, 3 bedroom, 2 bathroom apartment and a 2 bedroom 1 bathroom apartment all with good rental history and current leases. Current Gross Annual Income: $34,740. Annual Insurance: $2,500. Annual Taxes: $4,660. Annual Net Income: $27,580. (10.6% cap rate on asking price.) 24 hour notice to show, no interior photos of apartments.

    • General Features
      • Annual Tax Amount 4660
      • Possible Use Flex Space,Medical,Office,Office Showroom,Other,Retail,Multi-Family
      • Tax Year 2021
      • Year Built 1890
      • Zoning MR R3+
    • Building Features
      • Building Area Total 8400
      • Building Features Cable
      • Construction Materials Brick
      • Cooling Central Air
      • Flooring Carpet,Concrete,Tile/Vinyl,Wood
      • Heating Forced Air
      • Levels Three,Basement
      • Roof Membrane, Sloped
    • Property Features
      • Frontage Type City Street
      • Lot Size Acres 0.06
      • Lot Size Dimensions 20' x 140'
      • Number Of Units Total 4
      • Parking Total 0
      • Sewer Public Sewer
      • Water Source Municipal/City

    Contact

    • Mel Foster Insurance

    Neighborhood

    52761 (Muscatine) Demographics

    38 Median Age
    163 Population Density (per sq. mile)
    34% College Educated
    $58,280 Estimated Median Income
    8,400 Estimated Total Home Owners
    3,416 Estimated Total Renters
    71% / 29% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    30,353 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $78,500 Median Sales Price
    5 Homes Sold
    26 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $259,000
        10/1/2022 2:01:29 PM Price Reduced Source: Multiple Listing Service New Value: $259,000 -3.72%
        9/7/2022 8:31:25 PM Price Reduced Source: Multiple Listing Service New Value: $269,000 -3.58%
        7/6/2022 7:02:00 PM New in Database Source: Multiple Listing Service New Value: $279,000

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        The data relating to real estate for sale on this website is provided in part by RMLS Alliance, INC. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2022 All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.