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About This Home
This 5-bedroom, 3-bathroom residential multi family at 21 W 1ST ST in Spencer, IA is listed for $175,000 ($41 per sqft). Built in 1949, the home offers 4,308 sqft of living space on a 0.12 acres lot.
21 W 1st Street | Spencer, IA Value~add opportunity in Spencer!! This 6~plex offers strong upside for an investor ready to complete renovations and increase cash flow. The property has been partially remodeled, with 2 of the 6 units currently rented, providing immediate income.
The remaining 4 units offer the ability to renovate, lease up, and significantly improve overall returns. With improvements already underway, much of the heavy lifting has been started, allowing the next owner to step in and finish the project. Conveniently located near downtown Spencer amenities, this is a prime opportunity for investors looking to build equity and increase long~term cash flow...
Key Features
- Built in 1949
- 0.12 acre lot
Property Details
Amenities
Monthly Cost Estimate
$936/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
21 W 1ST ST
Spencer, IA 51301
Property Details
Heating
Cooling
Questions & Answers
This 5-bedroom, 3-bathroom residential multi family at 21 W 1ST ST is listed at $175,000 ($41/sqft). The estimated monthly payment is $758 based on 20% down at 6.5% interest.
Key features include: Built in 1949, 0.12 acre lot.
This property is listed by Nic Madsen and can be reached at 7125406562 or Nic@gatewayreadvisors.com.
