60k | Multi-Unit | Rental | Fix and Flip

Iowa City, IA, 52240 view full address
For Sale
Listed at: October 8th, 2024
Price
$57,000
ARV
$400,000
Gross Margin
$343,000
Sq. Footage
1576
Type
Single-Family
Parking
Driveway
Year build
1900
Lot size
0.21 acres
Bedrooms
5
Bathrooms
4
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

60k | Multi-Unit | Rental | Fix and Flip

Attention Investors! Seize this incredible opportunity to transform a distressed 5-unit multifamily property into a high-yield cash flow machine. Priced at just $60k, this is a perfect fit for those looking to buy and hold or pursue a fix-and-flip strategy—this deal offers serious potential for long-term gains.

ASKING PRICE: $60k
ARV: $400k
3D Walkthrough/Photos—>Click Here

Perfect For: Buy & Hold

Purchase Price- $60k

Repair Estimate- $200k 

Rent Estimate $3000/mo (600/unit)

Return/mo = 1.15%

Property Overview
5 Unit Multi Family Home

Bed: 5
Bath: 4
Year Built: 1900
Sq Ft: 1576
Asking Price: $60k
ARV: $400k

Additional Insights
Rehab Level: Complete rehab needed (please refer to 3D walkthrough)


Call or text Lucas at 901-499-4719 to schedule a showing or for more info!
Email: Lucas@storydoor.com

Property is under contract with escrow opened and earnest money deposited. Do not contact seller. Please do not blast out our deals without our consent.
3D Walkthrough
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Benjamin Contreras

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Disposition manager