Price $550,000
Status Active
MLS# 240960
Baths 8
Beds 12
Type MultiFamily
Style
Stories
Year Built 1977

1518 4th Avenue, Spencer, IA 51301

MLS #240960 Price Decreased
Listed by
  • Office Jensen Real Estate
  • Agent Matt Lippon

Property Description

Presenting a fantastic property with four well-designed apartments, each featuring 3 bedrooms, 1.5 bathrooms, and an attached garage. Enjoy great views of the Spencer Municipal Golf Course and the benefit of large decks for added outdoor space. These apartments have a solid rental history, with all four currently under long-term leases, making this an attractive option for investors seeking reliable income. With each unit over 1,100 square foot, this property offers both value and potential.

Legal: 6 HARTS 2ND RES SUB (EXACT LEGAL PER ABSTRACT)

PROPERTY INFORMATION

MLS # 240960
List Price $550,000
Category Sale
Sub Type Quadruplex
Property Type MULTIFAMILY
Address 1518 4th Avenue SW
City Spencer
State IA
Postal Code 51301
Bedrooms 12
Bathrooms 8
SQFT 4704
Lot Size 13000
Garage Type Attached
Garage Stalls 4
Taxes 4692
Tax Year 2022
School Spencer
Year Built 1977

FEATURES

Furnished No

UTILITIES

Fireplace No

LISTED BY

Office Jensen Real Estate
Agent Matt Lippon (712.330.0604)
Co-Office Jensen Real Estate
Co-Agent Michael Jensen (712.330.0604)

Property location





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Loan Amount : $440000
Monthly Payment : $2638.02

feature Property

1518 4th Avenue (MLS # 240960) is a property located in Spencer, IA. MLS# 240960 is a MultiFamily which has 12 bedrooms, 8 bathrooms, is 4704 sqft and listed with a price $550,000 on SellBoji.com. 1518 4th Avenue is situated in the area of the Iowa Great Lakes located in Northwest IA. Find detailed information about 1518 4th Avenue, Spencer, IA 51301 including interior & exterior features, photos, as well as community and market stats for Spencer, IA. Contact RE/MAX Lakes Realty at to receive personalized Spencer, IA real estate service. He will provide you information and key facts based on years of knowledge and experience, about 1518 4th Avenue, Spencer, IA 51301. RE/MAX Lakes Realty will also provide you with a comparative market analysis (CMA) for similar homes for Sale in Spencer, IA. Explore 105 more homes for Sale in Spencer as well as 105 more properties for Sale in 51301 using SellBoji.com MLS Search of off lake homes for East Lake, West Lake, and Big Spirit Lake..