Contact us: 563.441.1776
Description
Are you an Investor or looking for an investment property? This building is currently producing income from 2 businesses with 2,337 sq. ft. of the building being rented as an event space and 330 sq. ft. as a nail/beauty salon. The entire sq. footage of the building was renovated in 2018 with an added furnace and central air unit to the event space. There is a separate window air AC unit and furnace for the nail/beauty salon, however, the tenants share the bathroom. There is a convenient handicap ramp in the rear of the building as well. The asphalt shingled roof was replaced 3 years ago. To accommodate event space tenants, two of the walls are partially covered with peg board for tenant decor to preventing damage to the walls, as well as, a conveniently placed kitchenette. There are three large display/storefront windows at the front of the building, and at the back of the building is a previously used loading dock with functioning garage door. The property provides paved parking to the front and back of the building. This well-maintained property has endless business opportunities being in the Church Street business district and is worth a look in person. Owner is relative of agent.
Property Highlights
Property Type: Commercial - Investment
Year Built: 1968
General Information
County: Wapello
Subdivision: SETH RICHARDS ADD
Listed By:
Bogle Realty LLC
641-437-4663
No Coast MLS
MLS ID: 6331146
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501 N Sheridan Avenue, Ottumwa, IA 52501.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $125,000 | $125,000 | $125,000 |
| Down Payment | $25,000 | $4,375 | $31,250 |
| Monthly Mortgage Amount | $608 | $756 | $772 |
| Taxes | $174 | $174 | $174 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $55 | $0 |
| Monthly Estimated Total | $882 | $1,085 | $1,046 |
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.” Displays of minimal information (e.g. “thumbnails”, text messages, “tweets,” etc., of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. For audio delivery of listing content, all required disclosures must be subsequently delivered electronically to the registered consumer performing the property search or linked to through the devices application.
Listings courtesy of No Coast MLS as distributed by MLS GRID.
DMCA Notice:
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Privacy Policy / DMCA Notice / ADA Accessibility
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