Marshalltown, IA 50158,511 W State Street
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Marshalltown, IA 50158,511 W State Street
Marshalltown, IA 50158,511 W State Street
Marshalltown, IA 50158,511 W State Street
Marshalltown, IA 50158,511 W State Street

$175,000

Est. payment /mo

$199,900

12.5%
Est.Price: ?

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511 W State Street Marshalltown, IA 50158

8 Beds

4,850 SqFt

SOLD DATE : 04/04/2025

Key Details

Sold Price $175,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,850 sqft

Price per Sqft $36

MLS Listing ID 710826

Sold Date 04/04/25

Style Two Story

Bedrooms 8

HOA Y/N No

Year Built 1911

Annual Tax Amount $3,404

Lot Size 0.370 Acres

Acres 0.37

Property Description

Investors take a look at this 6plex with 4850 sf of living space. Along with this property comes 3 stall detached garage for room to add rents for the garage space. On site laundry. Long term tenants. An extra lot has been purchased and added with this property. Sitting on the extra lot is a $75,000 solar system that comes with the property making the average electric bill a month, only $20! This property has a newer roof, added solar, interior remodel, added driveway, added lot, and a whole lead remediation has been completed. With room to raise rents this value add purchase can make this a great investment to add to your portfolio. This property is bringing in monthly $5400, annually $46,020. With room to raise rents. Cap rate is %15. Call today to schedule your appointment at this very profitable investment opportunity. 48 hour notice required prior to showing. All information obtained from seller and public records.

Location

State IA

County Marshall

Area Marshalltown

Zoning T-Res

Rooms

Basement Finished

Interior

Interior Features See Remarks

Heating See Remarks

Cooling Window Unit(s)

Fireplace No

Laundry Main Level

Exterior

Parking Features Detached, Garage, Three Car Garage

Garage Spaces 3.0

Garage Description 3.0

Utilities Available Electricity Available, Water Available

Roof Type Asphalt,Shingle

Private Pool No

Building

Lot Description Rectangular Lot

Entry Level Two

Foundation Stone

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Marshalltown

Others

Tax ID 841826356014

Monthly Total Fees $283

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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Listed by RE/MAX Precision
Bought with GoSynergy Realty
agent
Joann Dorenkamp

REALTOR | S S41775000

+1(515) 205-1691 | jodorenkamprealtor@gmail.com

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