50 W Broadway St

50 W Broadway St , Central City, IA 52214

  • For Sale $465,000
  • Property Type Multi-Family
  • Property Size 5,000 SF
  • Units 6
  • Lot Size 0.3 Acre
  • Additional Rent Contact for pricing
  • Year Built 1960
  • Date Updated Nov 13, 2024
Great location in Central City just blocks away from the grocery store and easy access to Highway 13.Value-add investment opportunity! Six-unit multi-family property for sale. Units 1 & 2 are one bedroom, Units 3 & 6 are two bedroom, and Units 4 & 5 are three bedroom. Four of the units enter from outside with their own entrances. Five out of the six units are currently occupied with a lease out for review on the 6th unit. Two coin-operated washers and dryers available on the lower level that produce additional income. Three detached garages for tenant use that can be rented for $50/per month. Strong occupancy numbers with little to no vacancy over 7 years of ownership. Buyer to verify total SF. Financials and are available with a signed NDA. All exterior electrical meters to be repaired and updated by Seller. Seller will also provide $10,000 credit towards concrete repairs or agree to repairs & escrow funds for a spring installation. Parcel #s: 07034-36006-01000; 01001;01002;01003;01004;01005

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Attachments

Highlights

  • Solid rental history and income potential
  • Convenient access to local amenities and transportation options

Contacts

broker

Rachel Waters

GLD Commercial

Location

Getting Around

  • Walk Score ®

    43/100 Car-Dependent
  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Central City, IA
  • Zip Code 52214

Points of Interest

  • R & R One-Stop

    0.15 miles

  • Overflow Parking

    9.08 miles

  • Troy Mills Access Parking

    9.65 miles

  • Stove House

    0.11 miles

  • Subway

    0.11 miles

  • Foxy's Bar And Grill

    0.34 miles

  • Montana's Family Restaurant

    0.38 miles

  • Main St Market

    4.72 miles

  • Mahoney's

    5.79 miles

  • Mike's

    5.81 miles

  • Prairie Moon Bar & Grill

    6.09 miles

  • Central City Community School

    0.64 miles

  • Alburnett School

    5.80 miles

  • North Linn High School

    9.21 miles

  • Hazel Pointe Intermediate School

    9.60 miles

  • Echo Hill Elementary School

    9.67 miles

  • Boulder Peak Intermediate School

    9.93 miles

  • Oak Ridge Middle School

    9.95 miles

Frequently Asked Questions

How much does 50 W Broadway St cost?

The space currently listed for sale at 50 W Broadway St asks for $465,000.

What is the total square footage of 50 W Broadway St ?

50 W Broadway St totals 5,000 square feet.

When was this property built?

50 W Broadway St was built in 1960.

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Contact Listing Broker

broker

Rachel Waters

GLD Commercial