Home / 1518 4th Avenue Spencer, IA 51301

1518 4th Avenue IA, 51301

Price $550,000
Status Active
MLS# 240960
Baths 8
Beds 12
Type MultiFamily
Style
Stories
Year Built 1977

Presenting a fantastic property with four well-designed apartments, each featuring 3 bedrooms, 1.5 bathrooms, and an attached garage. Enjoy great views of the Spencer Municipal Golf Course and the benefit of large decks for added outdoor space. These apartments have a solid rental history, with all four currently under long-term leases, making this an attractive option for investors seeking reliable income. With each unit over 1,100 square foot, this property offers both value and potential.

Legal: 6 HARTS 2ND RES SUB (EXACT LEGAL PER ABSTRACT)

PROPERTY INFORMATION

  • MLS # 240960
  • List Price $550,000
  • Category Sale
  • Sub Type Quadruplex
  • Property Type MULTIFAMILY
  • Address 1518 4th Avenue SW
  • City Spencer
  • State IA
  • Postal Code 51301
  • Bedrooms 12
  • Bathrooms 8
  • SQFT 4704
  • Lot Size 13000
  • Garage Type Attached
  • Garage Stalls 4
  • Taxes 4692
  • Tax Year 2022
  • School Spencer
  • Year Built 1977

FEATURES

  • Furnished No

UTILITIES

  • Fireplace No

LISTED BY

  • Office Jensen Real Estate
  • Agent Matt Lippon (712.330.0604)
  • Co-Office Jensen Real Estate
  • Co-Agent Michael Jensen (712.330.0604)

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Will Kretsinger 712.301.4040
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Loan Amount : $440000
Monthly Payment : $2638.02

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feature Property

This MultiFamily residence on 1518 4th Avenue (MLS # 240960) is categorized as MultiFamily Homes for Sale in Spencer, IA. Available on Will Kretsigner, REALTOR, with the BojiHomes.com Team @ RE/MAX Lakes Realty, this MultiFamily property is priced at $550,000. With 12 bedrooms, 4704 sqft, and 8 bathrooms, this property on 1518 4th Avenue was built in 1977. Whether you're searching for recent listings in Spencer or focusing on 1518 4th Avenue, you'll find detailed market statistics and community insights here. For a deeper understanding of the differences between 1518 4th Avenue and other properties nearby, contact RE/MAX Lakes Realty, the premier website for Iowa Great Lakes. Our team is prepared to help you explore residential options in and around Spencer, IA.