Homes for sale - 188 1st Street, Gilbert, IA 50105

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Ben Engelman

ben@friedrich-realty.com +1(303) 408-1422

$350,000

Est. payment - /mo

8 Beds

4 Baths

3,932 SqFt

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Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,932 sqft

Price per Sqft $89

MLS Listing ID 714333

Style Two Story

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1972

Annual Tax Amount $4,487

Lot Size 0.436 Acres

Acres 0.4362

Property Description

Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. 1 unit in this building is renovated and the rest are original finishes. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!

Location

State IA

County Story

Area Gilbert

Zoning res

Interior

Heating Forced Air, Gas, Natural Gas

Cooling Central Air

Furnishings Unfurnished

Fireplace No

Appliance Cooktop, Dryer, Microwave, Refrigerator, Stove, Washer

Exterior

Utilities Available Electricity Available, Natural Gas Available, Water Available

Private Pool No

Building

Entry Level Two

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Gilbert

Others

Tax ID 0504475230

Monthly Total Fees $373

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by RE/MAX REC

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Ben Engelman

+1(303) 408-1422

Team Lead | License ID: S64047000

Team Lead License ID: S64047000

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188 1st Street Gilbert, IA 50105

Ben Engelman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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