- New Listing
- Price Reduced( )
Excellent opportunity for the investor! This 6-unit apartment building in Donnellson is centrally located in Lee County and just a short commute to Ft. Madison, Montrose, Wever, Mt. Pleasant, Van Buren County or Keokuk. There are 4 two bedroom units, 1 three bedroom unit and there is 1 one bedroom unit. Each apartment is individually metered and tenants pay their own heat, electric and communications bills-owner pays for water, sewer and trash. The complex has plenty of parking spaces (12) and a coin-operated washer and dryer set and a nice storage shed for maintenance equipment is included in the sale. Whether you are looking to add to your portfolio or you just want some additional income, this property has had an excellent rental history. (One unit has had the same tenant for 17 years.) An industrial on-demand hot water heater supplies the entire complex and most of the roof is Culpitt metal roofing and newer composition shingle. Showings require 24-hour notice to tenants.