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Alexis (Lexie) Carstens

lexiecarstens9@gmail.com +1(563) 505-3009

Listed by Tiffany South Atlantic Home Realty

$ 399,000

Est. payment -/mo

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Active

17 W 4Th ST Atlantic, IA 50022

5,662 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Original Town - Atlantic

MLS Listing ID NOC6342246

Year Built 1940

Annual Tax Amount $6,652

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 5,717 sf

Property Sub-Type Apartment

Property Description

INVESTMENT OPPORTUNITY NEAR MAIN STREET IN ATLANTIC! This apartment complex offers an income-producing opportunity with numerous improvements already completed and additional potential for the next owner. Updates include a new roof within the last 5 years, new electrical breakers, fresh paint in most apartments, new flooring and appliances in select units, new paint and carpet in the hallways, and several new entry doors. Three apartments have also been remodeled and reconfigured into two 2-bedroom apartments and one 3-bedroom apartment, providing desirable rental options. Utilities are separated to each renter, helping ownership manage operating expenses. The basement was formerly used as a retail storefront and is currently open and ready for its next use. This additional space offers the potential for future commercial, rental, storage, office, or other income-producing opportunities, subject to any required approvals. Located near Atlantic's Main Street, tenants are close to downtown amenities, shopping, dining, and community conveniences. Updated where it matters. Income-producing. Room to grow. And plenty of potential for the investor with a vision. Bring your investment strategy and take a look at what this property could become!

Location

State IA

County Cass

Direction from Highway 6 turn north onto Chestnut Street, turn west on 4th street. Building is on the south side of the street.

Interior

Heating Forced Air

Exterior

Parking Features Additional Parking, On Street, Gravel

Utilities Available Electric Common, Heating Common, Hot Water Common

View Y/N true

Accessibility Other

Total Parking Spaces 4

Building

Sewer City Sewer/Connected

Water Public

Structure Type Brick

Schools

School District 387 - Atlantic

Others

Energy Description Natural Gas

Acceptable Financing NOC6342246

Listing Terms NOC6342246

Alexis (Lexie) Carstens

Agent

+1(563) 505-3009

Alexis (Lexie) Carstens

17 W 4Th ST Atlantic, IA 50022

Key Details

Location

Interior

Exterior

Building

Schools

Others

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17 W 4Th ST