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317 W 1St Street

Spencer, IA 51301
  • $149,900
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 250398
UPDATED: 35 min ago
$149,900
  • 7
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,610
    SQFT
  • $57
    $/SQFT
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

School District:

Description

This 3-plex property presents a fantastic investment opportunity with multiple options for potential buyers. Whether you're looking to live in one unit while renting out the others, or rent all three for a steady income stream, this building offers great versatility. The first-floor unit features 4 bedrooms (1 non-conforming), 1 bath, and has been updated with newer cabinets, countertops, sink, and flooring. The second-floor unit includes 2 bedrooms, 1 bath, and boasts a new refrigerator and kitchen windows. The third-floor unit offers a cozy 1 bedroom, 1 bath, and has been refreshed with a new vanity and refrigerator. Each unit is equipped with electric baseboard heat, and tenants provide their own window air conditioning units. The property also includes a basement with 3 new electric water heaters, as well as a new Speed Queen coin-operated washer and dryer for tenant use. While the driveway is shared, there is alley access for additional parking and street parking options. The garage is currently used by tenants for storage. Don't miss out on this prime opportunity to own an income-generating property! Showings to start on Friday & Saturday 18th & 19Th, then tenants would like 24hr notice for any showings after the 19th.

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Iowa Great Lakes Board of Realtors logo © 2025 Iowa Great Lakes Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Integrity Real Estate. Data last updated: 2025-04-23T12:37:54.203.
www.integrityiowa.com/homes/162615531
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317 W 1St Street Spencer, IA 51301

  • Price: $149,900
  • Status: Active
  • On Site: 7 Days
  • Updated: 35 min ago
  • MLS #: 250398
7
Beds
0
Baths
0
½ Baths
0.12
Acres
2,610
SQFT
$57
$/SQFT
1910
Built
County:
Clay
Area:
Spencer
School District:
Spencer
Property Description
This 3-plex property presents a fantastic investment opportunity with multiple options for potential buyers. Whether you're looking to live in one unit while renting out the others, or rent all three for a steady income stream, this building offers great versatility. The first-floor unit features 4 bedrooms (1 non-conforming), 1 bath, and has been updated with newer cabinets, countertops, sink, and flooring. The second-floor unit includes 2 bedrooms, 1 bath, and boasts a new refrigerator and kitchen windows. The third-floor unit offers a cozy 1 bedroom, 1 bath, and has been refreshed with a new vanity and refrigerator. Each unit is equipped with electric baseboard heat, and tenants provide their own window air conditioning units. The property also includes a basement with 3 new electric water heaters, as well as a new Speed Queen coin-operated washer and dryer for tenant use. While the driveway is shared, there is alley access for additional parking and street parking options. The garage is currently used by tenants for storage. Don't miss out on this prime opportunity to own an income-generating property! Showings to start on Friday & Saturday 18th & 19Th, then tenants would like 24hr notice for any showings after the 19th.
Exterior Features

Construction Materials Aluminum Siding Exterior Features Driveway-ConcreteDriveway-GravelDriveway-Shared Roof Asphalt

Interior Features

Basement Features Unfinished Basement Material Concrete Block Basement Style Partial Fireplace No Garage Type Detached

Property Features

Approx Lot Dimensions 44 x 122 Community Features Coin-op Laundry Own Flood Zone Unknown Fuel Electric Furnished No Heating Baseboard Lake Access No Legal 14 9 L & H **Legal as per abstract** Levels Three Or More Listing Type Exclusive Right To Sell Mechanicals Water Heater-Elec Property Attached No Sewer Public Sewer Tax Amount 1512 Tax Classification Non-Homestead Tax Year 2023 Tenant Pays ElectricityWater/Sewer Type Triplex Water Source Public/City Waterfront No

Iowa Great Lakes Board of Realtors logo Listing provided by Doug Small of Hinn Real Estate: PRIM: 712-260-4776 .


Iowa Great Lakes Board of Realtors logo © 2025 Iowa Great Lakes Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Integrity Real Estate. Data last updated: 2025-04-23T12:37:54.203.
 
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