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215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
215 E Ninth Street
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$349,900

215 E Ninth Street

6 Beds 4 Baths 2,686 Sq.Ft. 9,240 Sq.Ft.

Description

Rare opportunity to own a unique and versatile 3,400 sqft residential home with four separate living spaces (each with a private entry). Perfect for an owner-occupant looking to offset their mortgage, or a house hacker or investor looking for additional income streams! The property consists of Unit 1 - XL 2bed/1bath unit with a shared enclosed porch. Unit 2. - Upstairs studio / full bath with a shared enclosed porch. Unit 3 - 2bed/1bath with a private enclosed porch and Unit 4 - 1bed/1bath. Units 1 & 2 could be combined to make a large, 2,200 sq ft living space for an owner-occupier while generating rental income from the two remaining units. Three of the units are fully furnished, all which conveys with the sale. All units are currently occupied with short-term leases. The property has extensive updates including new kitchens in each unit, new windows throughout, new hot water tanks, and newer mini-split systems. In addition, a 2,400 sqft unfinished basement with tall ceilings is a huge value add opportunity. With multiple living spaces, additional income streams, and significant upgrades, this property offers exceptional potential for the right buyer!

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Location

215 E Ninth Street, Madrid, IA 50156

Status

For Sale
Amanda Gregory

Amanda Gregory

TITLE

Broker Associate

PHONE

754-422-8087

Property Amenities

Interior
Laundry room Main Level
Appliances Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
Flooring Laminate
Total Bedrooms: 6
Full Bathrooms: 4
Area & Lot
Total area 2,686 Sq.Ft.
Lot Area 9,240 Sq.Ft.
Living area 2,686 Sq.Ft.
MLS® ID 736117
Year Built 1918
School District Madrid
Type Residential
Status For Sale
Exterior
Air conditioning Central Air
Heat type Baseboard, Electric, Forced Air, Gas, Natural Gas
Water Source Public
Security Features Smoke Detector(s)
Sewer Public Sewer
Other Exterior Features Deck, Storage
Parking Carport
Lot Features Rectangular Lot
Roof Asphalt, Shingle
Finance
Sales Price $349,900
Real Estate Tax $3,092 yearly
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 215 E Ninth Street, Madrid, IA 50156. We are reviewing your request and will be in touch shortly!

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