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MLS # 720665 - 111 E Ninth Street, Madrid, IA 50156

$198,000

Price Decreased
  • MLS# 720665
  • Bedrooms 3
  • Bathrooms 3
  • Total Sq.ft 2,049
  • Property Type Multi-Family
  • Style TwoStory
  • Basement Partial,Unfinished
  • Year Built 1885

Property Description

Great opportunity to add to or start your rental portfolio with this 3-plex in the heart of Madrid! This 2-story multi-family property sits on a spacious double lot and features fresh exterior and interior paint along with new carpet. It includes three 1-bed, 1-bath units. Two are on the main level and one upstairs. One main-floor unit offers a non-conforming bedroom/flex space. One unit is currently rented, providing immediate income. The nearby High Trestle Trail adds appeal for renters. The extra .23-acre lot to the north is perfect for adding a shop or future expansion. A smart investment with long- or short-term rental potential. Schedule your showing today!

Legal: HOPKINS ADD LOT 4 BLOCK 4 NE SE
Active

Property Information

  • 720665
  • $198,000
  • 111 E Ninth Street
  • Madrid
  • Madrid
  • Boone
  • IA
  • Sale
  • MultiFamily
  • TwoStory
  • Partial, Unfinished
  • 2049
  • From highway 17 turn west onto Ninth Street. Property will be on the corner of Ninth and South Union St. Property is on the north side of the road.
  • 87
  • 1885
  • 3
  • 3
  • 50156

LISTED BY

LPT Realty, LLC, Jessica Schaffer (515.975.7075)

Property Location

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The Slavin & Partners Team @ RE/MAX Precision - Licensed In Iowa Each Office Independently Owned And Operated.

The Slavin & Partners Team @ RE/MAX Precision

Licensed In Iowa Each Office Independently Owned And Operated.

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