501-505 W 4th Street, Waterloo, IA 50701

$249,900

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List Price
$249,900
MLS#
20260101
Status
ACTIVE
Type
Commercial
Subtype
Commercial Sale
Year Built
1913
Acres
0.39
County
Black Hawk
City
Waterloo

Property Description

This multi-unit, mixed-use investment opportunity features a versatile income stream with three main-level office or retail suites and five residential apartments on the second level. The property is strategically positioned for maximum exposure, offering high visibility and the rare convenience of a large, private off-street parking area for both tenants and clients. Adding to the flexibility of this asset, all residential leases are currently on a month-to-month basis, providing an ideal scenario for an investor looking to adjust to market rents or transition the units. With a solid foundation of commercial and residential synergy, this property is a standout for those seeking a diversified portfolio. Furthermore, the seller is open to considering a sale on contract, depending on the strength of the proposed terms.

Additional Information

Unexempt Taxes
$5,443
Lot Size
16,800
Flooring
Tile, Carpet, Concrete
Roof
Flat

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Calculator source: Real Geeks

Listing courtesy of Fischels Commercial Group.