5 months on rocket

50 W Broadway St Unit 1-6, Central City, IA, 52214

$465,000

Home List Price

$5,522*

Closing Credit

0 Baths
5,000 SqFt
$93/SqFt
Multi

Location

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50 W Broadway St Unit 1-6, Central City$465,000

Buyer Closing Credits

$5,522*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking Space(s)
Year Built1960
HeatingElectric
CoolingWall/Window Unit(s)
MLS #2403942
Lot Size0.30 Acres
StatusActive

About 50 W Broadway St Unit 1-6

Value-add investment opportunity! Six-unit multi-family property for sale. Blocks away from the grocery store and easy access to Highway 13. Units 1 & 2 are one bedroom, Units 3 & 6 are two bedroom, and Units 4 & 5 are three bedroom. Four of the units have their own exterior entrances. 5 out of the 6 units currently occupied with a lease out for review on the 6th unit. There are two coin-operated washers and dryers available on the lower level that produce additional income. Three detached garages for tenant use:$50/per month. Strong occupancy numbers with little to no vacancy over 7 years of ownership. Buyer to verify total SF. Financials 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

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Living Area: 5,000 SqFt

Listing Office:

  • Office Name: GLD COMMERCIAL
  • Office Phone: (319) 731-3400
  • Listing Agent: Rachel Waters

Exterior Features

Parking Information:

  • Parking: Parking Space(s)

Virtual/3D Tour

  • Virtual Tour: 50 W Broadway St Unit 1-6
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Lot Features

Lot Information:

  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $465,000
  • Price Per SqFt: $93/SqFt
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MLS Details

MLS Information:

  • MLS Name: CDR
  • MLS Number: #2403942

Listing Office:

  • Office Name: GLD COMMERCIAL
  • Office Phone: (319) 731-3400
  • Listing Agent: Rachel Waters

IDXProvided Courtesy Of Cedar Rapids Area Association of REALTORS®. 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 Believed To Be Accurate But Not Guaranteed.
Copyright 2024 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 11:55:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-592154
4
/10

  • Central City Elementary School

  • 400 Barber St

  • 0.63 miles

  • Public District Grades KG-5

school-card-donut-592155
7
/10

  • Alburnett Elementary

  • 131 Roosevelt St

  • 5.77 miles

  • Public District Grades PK-5

school-card-donut-592156
9
/10

  • North Linn Elementary School

  • 3033 Lynx Drive

  • 9.22 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,105. The most common annual income of people living in Linn County, IA is between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Iowa›Linn County›Central City›52214›50 W Broadway St Unit 1-6

This home is located at 50 W Broadway St Unit 1-6 in Central City, IA and zip code 52214. This 5,000 square foot home, which was built in 1960, sits on a 0.30 acre lot. It has been listed on Rocket Homes since June 07, 2024 and is currently priced at $465,000.

Over 47 listings were sold over their listed price in October 2024 in Linn County, IA. In the same period over 131 listings were sold below the listed price and 62 listings were sold for the listed price. The number of listings in Linn County, IA increased by 3.1% between September 2024 and October 2024. In October 2024 median list price was $219,950 and the average listing age was 33 days.

From Rocket Homes Real Estate and based on county public records data.

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