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511 W State Street

Marshalltown, IA 50158
  • $199,900
  • STATUS: Pending
  • ON SITE: 17 Days
  • MLS #: 710826
Pending
UPDATED: 46 min ago
$199,900
  • 8
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,850
    SQFT
  • $41
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1911
County:
Area:

School Ratings & Info

School District:

Description

Investors take a look at this 6plex with 4850 sf of living space. Along with this property comes 3 stall detached garage for room to add rents for the garage space. On site laundry. Long term tenants. An extra lot has been purchased and added with this property. Sitting on the extra lot is a $75,000 solar system that comes with the property making the average electric bill a month, only $20! This property has a newer roof, added solar, interior remodel, added driveway, added lot, and a whole lead remediation has been completed. With room to raise rents this value add purchase can make this a great investment to add to your portfolio. This property is bringing in monthly $5400, annually $46,020. With room to raise rents. Cap rate is %15. Call today to schedule your appointment at this very profitable investment opportunity. 48 hour notice required prior to showing. All information obtained from seller and public records.

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© 2025 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | Coldwell Banker Mid-America. Data last updated: 2025-02-14T12:22:56.03.
www.kooymanrealestateteam.com/homes/159784502
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511 W State Street Marshalltown, IA 50158

  • Price: $199,900
  • Status: Pending
  • On Site: 17 Days
  • Updated: 46 min ago
  • MLS #: 710826
8
Beds
0
Baths
0
½ Baths
0.37
Acres
4,850
SQFT
$41
$/SQFT
1911
Built
Neighborhood:
Marshalltown
County:
Marshall
Area:
Marshalltown
School District:
Marshalltown
Property Description
Investors take a look at this 6plex with 4850 sf of living space. Along with this property comes 3 stall detached garage for room to add rents for the garage space. On site laundry. Long term tenants. An extra lot has been purchased and added with this property. Sitting on the extra lot is a $75,000 solar system that comes with the property making the average electric bill a month, only $20! This property has a newer roof, added solar, interior remodel, added driveway, added lot, and a whole lead remediation has been completed. With room to raise rents this value add purchase can make this a great investment to add to your portfolio. This property is bringing in monthly $5400, annually $46,020. With room to raise rents. Cap rate is %15. Call today to schedule your appointment at this very profitable investment opportunity. 48 hour notice required prior to showing. All information obtained from seller and public records.
Exterior Features

Architectural Style Two Story Attached Garage YN No Construction Materials Wood Siding Foundation Details Stone Garage YN Yes Levels Two Parking Features Detached Garage Three Car Garage Road Surface Type Concrete Roof Asphalt Shingle

Interior Features

Basement Finished Basement YN Yes Below Grade Finished Area 850 Cooling Window Unit(s) Cooling YN Yes Heating See Remarks Interior Features See Remarks Laundry Features Main Level

Property Features

Electric On Property YN Yes Gross Income 5400 Home Warranty YN No Lease Considered YN No Listing Terms Cash Conventional Lot Features Rectangular Lot Operating Expense 1257 Owner Pays Electricity Insurance Taxes Water Sewer Public Sewer Tax Annual Amount 3404 Utilities Electricity Available Water Available Water Source Public Zoning T- Res

Listing provided courtesy of RE/MAX Precision: (515) 223-9492. © 2025 Des Moines Multiple Listing Service.
© 2025 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | Coldwell Banker Mid-America. Data last updated: 2025-02-14T12:22:56.03.
 
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