218 Main Street

McGregor IA 52157

1300 sq. ft.

0.06 ac.

Multi-Family

Currently for sale - view listing

Overview

INVESTMENT OPPORTUNITY IN DOWNTOWN MCGREGOR! Located right on Main Street, this mixed-use property offers multiple income streams with commercial space on the main level and three residential apartments. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Whether you're looking to expand your rental portfolio, operate your own business while generating rental income, or take on a value-add investment, this property offers plenty of potential in the heart of historic McGregor. The property is currently being offered AS-IS and has been priced to reflect its present condition. Known roof leakage is present, and the seller is offering buyers the opportunity to purchase at the current price before repairs are completed. If the seller elects to complete repairs, the listing price is subject to increase accordingly. Bring your ideas and take advantage of the opportunity to purchase this versatile Main Street property at its current AS-IS price.

Features

3 bedrooms

2 bathrooms

1300 sq. ft. floor area

0.06 ac. lot size

Multi-Family

Property history for 218 Main Street

2022

Sold

$150,000

30 Nov 2022 by Jenny Coleman, of RE/MAX Gold

Happy sellers in McGregor

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