Mary Schoon
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
This over 2,200-square-foot brick building offers a unique combination of commercial and residential income potential. The main level features a large commercial/retail space, providing an excellent opportunity for a business, retail operation, or additional income-producing use. The upper level includes two apartments, with a third apartment located off the rear of the building. The residential tenants share a common entry area equipped with convenient coin-operated laundry. An underground garage space is also available for rental income, adding another potential revenue stream to the property. A large concrete off-street parking area provides ample parking for tenants, customers, and occupants. With multiple potential income sources?including commercial space, three apartments, and garage rental?the property offers an appealing opportunity for an investor looking to add value and maximize cash flow. The property is being sold as-is and is ready for its next owner to make updates and improvements.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 2,289
County: Des Moines
Subdivision: GREENS SUB
Listed By:
Century 21/Property Professionals
319-753-6000
No Coast MLS
MLS ID: 6341617
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1227 Agency Street, Burlington, IA 52601.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $99,500 | $99,500 | $99,500 |
| Down Payment | $19,900 | $3,483 | $24,875 |
| Monthly Mortgage Amount | $497 | $610 | $620 |
| Taxes | $138 | $138 | $138 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $44 | $0 |
| Monthly Estimated Total | $735 | $892 | $858 |
About this area
About Burlington
Burlington, IA is situated near the Mississippi River in Des Moines County and is home to one of the world’s most crooked alleys—Snake Alley. The city is surrounded by a myriad of outdoor recreation, family activities, and dining experiences. It sits in the middle of a metropolitan region with the surrounding areas being West Burlington, Middle Town, and Gulf Port.
Burlington is a rapidly growing city in many different areas. The downtown area is full of shops and places to eat as well as historical homes lining the downtown streets. The city is also home to the famous NFL quarterback Kurt Warner who won two NFL MVP awards. On summer nights you will hear your city’s pride for their semi-pro baseball team—the Burlington Bees—straight from your home’s backyard. Burlington is also home to Iowa’s oldest newspaper, The Hawk Eye. Lastly, the first backhoes rolled off the assembly line at the Burlington Backhoe plant in 1967, which is now the only plant in the United States that produces the Case Loader/Backhoe, giving Burlington the nickname Backhoe Capital of the World.
Homes for sale in Burlington range from riverfront views to new construction neighborhoods. The community is served by the Burlington Community School District, which features many K-12 schools.
If you are ready to start your real estate buying or selling journey, browse the newest homes for sale in Burlington, IA. You can also contact us—we are here to help!
Nearest Ruhl & Ruhl Office: Burlington
403 South Gear Avenue
Suite 105
West Burlington, IA 52655
(563) 441-1776
Mary Schoon
REALTOR®
Cell: (309) 737-4793
Other: (309) 737-4793
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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