1518 4th Avenue Spencer, IA 51301

Price $550,000
Status Active
MLS# 240960
Baths 8
Beds 12
Type MultiFamily
Style
Stories
Year Built 1977

Property Description

Presenting a fantastic property with four well-designed apartments, each featuring 3 bedrooms, 1.5 bathrooms, and an attached garage. Enjoy great views of the Spencer Municipal Golf Course and the benefit of large decks for added outdoor space. These apartments have a solid rental history, with all four currently under long-term leases, making this an attractive option for investors seeking reliable income. With each unit over 1,100 square foot, this property offers both value and potential.

Legal: 6 HARTS 2ND RES SUB (EXACT LEGAL PER ABSTRACT)

PROPERTY INFORMATION

  • MLS #   240960
  • List Price   $550,000
  • Category   Sale
  • Sub Type   Quadruplex
  • Property Type   MULTIFAMILY
  • Address   1518 4th Avenue SW
  • City   Spencer
  • State   IA
  • Postal Code   51301
  • Bedrooms   12
  • Bathrooms   8
  • SQFT   4704
  • Lot Size   13000
  • Garage Type   Attached
  • Garage Stalls   4
  • Taxes   4692
  • Tax Year   2022
  • School   Spencer
  • Year Built   1977

FEATURES

  • Furnished    No

UTILITIES

  • Fireplace    No

LISTED BY

  • Office    Jensen Real Estate
  • Co-Office    Jensen Real Estate

Property location

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Loan Amount : $440000
Monthly Payment : $2638.02

1518 4th Avenue (MLS # 240960) is a property located in Spencer, IA. MLS# 240960 is a MultiFamily which has 12 bedrooms, 8 bathrooms, is 4704 sqft and listed with a price $550,000 on Bojihomes.com. 1518 4th Avenue is situated in the area of the Iowa Great Lakes located in Northwest IA. Find detailed information about 1518 4th Avenue, Spencer, IA 51301 including interior & exterior features, photos, as well as community and market stats for Spencer, IA. Contact RE/MAX Lakes Realty at to receive personalized Spencer, IA real estate service. He will provide you information and key facts based on years of knowledge and experience, about 1518 4th Avenue, Spencer, IA 51301. RE/MAX Lakes Realty will also provide you with a comparative market analysis (CMA) for similar homes for Sale in Spencer, IA. Explore 99 more homes for Sale in Spencer as well as 99 more properties for Sale in 51301 using Bojihomes.com MLS Search of off lake homes for East Lake, West Lake, and Big Spirit Lake..