103 Carolina Street, IA 50457
103 Carolina Street, IA 50457
103 Carolina Street, IA 50457
103 Carolina Street, IA 50457
103 Carolina Street, IA 50457
103 Carolina Street, IA 50457
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Richard Pierce

Richard Pierce

+1(207) 604-0350
$ 120,000
Est. payment | /mo

6 Beds

2,819 SqFt

Save
$ 120,000
Est. payment | /mo
Save

6 Beds

2,819 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,819 sqft

Price per Sqft $42

MLS Listing ID 744210

Style Ranch

Bedrooms 6

HOA Y/N No

Annual Tax Amount $980

Property Description

Excellent investment opportunity with immediate lease-up potential! This fully vacant fourplex features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, allowing the new owner to lease at current market rents from day one. Major capital improvements include a new steel commercial roof, durable brick exterior in excellent condition, and newer flooring throughout all four units, helping minimize future maintenance costs. Each unit is separately metered with its own electrical breaker panel, while water is on a single meter and included in the rent for simplified management. A fifth shared laundry room provides an additional amenity for tenants and offers potential for supplemental income with coin-operated or app-based laundry equipment. Whether you're looking to expand your portfolio or complete a value-add lease-up, this property offers a solid foundation with strong income-producing potential.

Location

State IA

County Cerro Gordo

Area Meservey

Zoning R-4

Rooms

Basement Unfinished

Interior

Heating Electric, Forced Air

Cooling Central Air

Fireplace No

Exterior

Utilities Available Water Available

Roof Type Metal

Private Pool No

Building

Lot Description Corner Lot

Foundation Brick/Mortar

Schools

School District Central Springs

Others

Tax ID 133235500200

Monthly Total Fees $81

Acceptable Financing Cash, Conventional, Contract, FHA, USDA Loan, VA Loan

Listing Terms Cash, Conventional, Contract, FHA, USDA Loan, VA Loan

©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by EXP Realty, LLC
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Richard Pierce

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(207) 604-0350

richardpiercerealty@gmail.com

12345 University Ave, Clive, IA, 50325, USA

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103 Carolina Street