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21 W 1st St

Multi-UnitIASpencer51301Spencer, IA, 51301
+13
  • Multi-Unit

    • 21 W 1st St

    Spencer, IA, 51301
    • 4308 sq ft
    $175,000
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    Basics

    • Date added: Added 9 hours ago
    • Price per sqft: $40.62
    • Category:
    • Status:
    • Area: 4308 sq ft
    • Year built: 1949
    • MLS ID: 831915

    Description

    • Description:

      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.

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    Starting with our first sale & purchase in the early 1980’s. Yes, family grew, changed, yet we sold & purchased again in 2011. Now, two of our adult children have purchased their first homes through Deb, at Cardinal. In our opinion, no one works harder for the seller or buyer then the staff at Cardinal City Realty. It has been a pleasure.
    The Curry Family South Sioux City, NE
    On October 3rd we closed on that house, we are so very happy and I cannot express to Cardinal Realty how much we love where we are. We got it under our budget and it literally has everything we wanted in a home. I have high respect for Alicia and the job she does for her clients. Alicia is the true meaning of what a realtor should be!
    The SotosSouth Sioux City, NE
    Cheri Bracht has been a fantastic realtor for us over the years! We have bought two homes and sold one with Cheri, she will work very hard to help you with your housing needs and make sure your happy during the process. She is extremely prompt with replies, any questions you may have and very friendly. We LOVE our realtor!
    The Erickson FamilySioux City, IA
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