Contact us: 563.441.1776
Description
FOR SALE OR LEASE (Ste 1). This leased investment is a commercial condo that could be leased to one or two tenants or used by an owner occupant. The latest rent on the front facing 700 foot suite (Ste 1) is $825 per month (gross) including taxes and building insurance, and the current rent on the parking lot facing 1,075 foot suite (Ste 2) is $1,395 per month (gross) including taxes and building insurance. Suite 1 CAM is an additional $38/month and Suite 2 CAM is an additional $72.40/month (or combined CAM $110.53/month). Both spaces in this commercial condo are in very good condition and show well. Suite 1 features two large office areas, a kitchenette, and a private bathroom. Suite 2 has just been freshly painted and currently features three individual rooms/offices with sinks/cabinets and a fourth room/office that is plumbed for water. Suite 2 has a nice reception area, kitchenette space, private bathroom and access to the shared common area bathrooms. There is street parking in the front of the building for Suite 1 and a parking lot in the rear of the building for Suite 2.
Property Highlights
Property Type: Commercial - Business
Year Built: 1900
General Information
County: Washington
Listed By:
KALONA REALTY, INC.
319-656-5299
Jessica Hochstedler Yoder
ICAAR MLS
MLS ID: 202600440
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217 8th Ave, Wellman, IA 52356.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $224,900 | $224,900 | $224,900 |
| Down Payment | $44,980 | $7,872 | $56,225 |
| Monthly Mortgage Amount | $1,050 | $1,289 | $1,345 |
| Taxes | $313 | $313 | $313 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $99 | $0 |
| Monthly Estimated Total | $1,463 | $1,801 | $1,758 |
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