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3906 E Main St 8 Unit Apartment Building For Sale Knoxville, IA 50138
Executive Summary
***INCLUDED IN SALE***
? Fully equipped turnkey Restaurant w/outdoor deck (100+ seats)
? 6 Apartments 100% occupied
? 2/2 Owners Living Quarters (Occupy or rent)
? Condo on Maderia Beach, Fl.? (Rent or use)
? 2.25 Acres - Room to expand
? Investor or Owner Operator
? Possible Owner Financing
? GPI of nearly $10k/month
This very unique real estate investment opportunity in Iowa and Florida combines a lifestyle of leisure and income generation, featuring a fully equipped restaurant, an owner's quarters above it, a beachfront condo, and six income-generating apartments.? Enjoy seasonal living, with summers spent in the serene community of Iowa and winters basking in the sun on the Florida coast.? The restaurant can host up to 140 guests, offering indoor and outdoor dining options ideal for entertainment and culinary events.? Meanwhile, the stunning studio condo on Madeira Beach provides incredible ocean views, adding to your enjoyment of the locations.? This package presents an exceptional chance to live, work, play, and secure steady income from a diverse investment portfolio.?
? Fully equipped turnkey Restaurant w/outdoor deck (100+ seats)
? 6 Apartments 100% occupied
? 2/2 Owners Living Quarters (Occupy or rent)
? Condo on Maderia Beach, Fl.? (Rent or use)
? 2.25 Acres - Room to expand
? Investor or Owner Operator
? Possible Owner Financing
? GPI of nearly $10k/month
This very unique real estate investment opportunity in Iowa and Florida combines a lifestyle of leisure and income generation, featuring a fully equipped restaurant, an owner's quarters above it, a beachfront condo, and six income-generating apartments.? Enjoy seasonal living, with summers spent in the serene community of Iowa and winters basking in the sun on the Florida coast.? The restaurant can host up to 140 guests, offering indoor and outdoor dining options ideal for entertainment and culinary events.? Meanwhile, the stunning studio condo on Madeira Beach provides incredible ocean views, adding to your enjoyment of the locations.? This package presents an exceptional chance to live, work, play, and secure steady income from a diverse investment portfolio.?
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 2.55 AC |
| Sale Condition | 1031 Exchange | Building Size | 6,304 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1952 |
| Building Class | C |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.55 AC |
| Building Size | 6,304 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $700.00 | - |
| 1+1 | 3 | $800.00 | - |
| 2+2 | 1 | $1,000 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0557501500 | Improvements Assessment | $147,950 |
| Land Assessment | $81,880 | Total Assessment | $229,830 |
Property Taxes
Parcel Number
0557501500
Land Assessment
$81,880
Improvements Assessment
$147,950
Total Assessment
$229,830
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Presented by
Carter Property Group, LLC
3906 E Main St
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