Shenandoah ROI Property
Great opportunity to own this affordable "Commercial/Multi-Residence"complex in fast growing Shenandoah, Iowa. The building contains 4,080 square feet of gross space. The lower level contains office space featuring a waiting room, receptionist area, offices, exam room, and bathroom.
The upper area includes 2 fully furnished apartments. The North unit is 2 BR and BA and South unit features 1BR and Bath.
This is an excellent well-maintained building with positive cash flow.
Please call Pete Ryerson for your personal showing.
.28 +/- acres Commercial/Multi-Residence
- 2,040 +/- sqft
- Built in 1974
Legal Description: Download Legal Description
Excellent building in great location of town.
Located in fast and growing area of Shenandoah.
Large parking lot.
Established positive cash flow,
All appliances provided
Convenient access to Highway 59
Excellent Shenandoah School System K-12.
Lower level could possible be converted to additional rental apartments.
City utilities provided
New roof and gutters
Recently appraised. Selling for less then appraised value for quick sale.
Hard to find investment with so much to offer.
A rare investment opportunity with unlimited potential uses.
Estimated Income: (Call Agent for Details)
Other Lease Income: $23,700
TOTAL ESTIMATED INCOME: $23,700
Taxes: $4,534/year (2017)