Melissa Streeter
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
2 Building Bundle! Charming Two-Story Brick Building in Downtown Ottumwa! This versatile property features an income-ready retail space and a bar/eatery layout on the first floor, ideal for a low-risk cafe or breakfast spot (no open flame required for lower overhead!). The second floor boasts a ready-to-rent two-bedroom, one-bathroom apartment, with potential monthly rental income of $2,500. There's also an opportunity to add a rear deck for even more appeal! This building is being sold as a package with the adjacent vacant three-story brick building at 314 E Main, offering endless possibilities. Imagine a two-level penthouse apartment with an open concept for the ultimate downtown living experience! The first floor can be transformed into a retail shop, such as a pet store, a gift shop, children's bookstore, or even a small office space. Don't miss out on this unique opportunity to own a piece of downtown Ottumwa with endless potential! Call to Schedule your showing today!
Property Highlights
Property Type: Commercial - Investment
Year Built: 1880
General Information
County: Wapello
Listed By:
Bridge City Realty
641-684-1234
No Coast MLS
MLS ID: 6336098
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328 E Main Street, Ottumwa, IA 52501.
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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 | $415,000 | $415,000 | $415,000 |
| Down Payment | $83,000 | $14,525 | $103,750 |
| Monthly Mortgage Amount | $1,911 | $2,378 | $2,482 |
| Taxes | $578 | $578 | $578 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $182 | $0 |
| Monthly Estimated Total | $2,610 | $3,259 | $3,181 |
Melissa Streeter
REALTOR®
Cell: (563) 271-5624
Licensed in IA
Muscatine Office
226 East 2nd Street
Muscatine, IA 52761
(563) 264-0240
Muscatine, IA 52761
(563) 264-0240
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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