Bought with Burke Steven • Burke Real Estate
$633,000
$900,000
29.7%For more information regarding the value of a property, please contact us for a free consultation.
500 Pike ST Ridgeway, IA 52165
12,802 SqFt
Key Details
Sold Price $633,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 12,802 sqft
Price per Sqft $49
MLS Listing ID 20244005
Sold Date 10/31/24
Year Built 1972
Lot Size 2.210 Acres
Acres 2.21
Lot Dimensions 0 x 0
Property Sub-Type Multi-Family 5+
Property Description
Great investment opportunity! Three apartment buildings with a total of 18 units. The buildings have a total of 8 two bedroom and 10 one bedroom apartments. The apartments have exterior entrances and off-street parking. Coin operated laundry is located in each building. A lit sidewalk leads from the parking lots to each apartment. Ridgeway is a quiet rural community located in between Decorah and Cresco, Iowa, There is currently a housing shortage in the area. This fully occupied property has been well maintained and is ready for new owners. Financial information and appraisal available to qualified buyers with a signed NDA. West Building - Age: 1978 Square Footage: 5,264 Number of Apartments: 8 Center Building - Age: 1974 Square Footage: 3,377 Number of Apartments: 5 East Building - Age: 1972 Square Footage: 4,161 Number of Apartments: 5
Location
State IA
County Winneshiek
Zoning R-3
Rooms
Basement Crawl Space
Interior
Heating Baseboard, Electric
Cooling Wall Unit(s), Window Unit(s)
Fireplace N
Laundry Laundry Closet
Exterior
Parking Features Parking Area, Paved, None
Utilities Available Separate Meters
View Y/N true
Roof Type Asphalt
Building
Sewer City Sewer
Water City
Structure Type Brick,Wood Siding
Schools
Elementary Schools Crestwood
Middle Schools Cresco
High Schools Cresco
Others
Acceptable Financing NBR20244005
Listing Terms NBR20244005
Special Listing Condition Normal Sale
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