IA
Warren
Indianola
50125
104 E Boston Ave Ave
104 E Boston Ave Ave, Indianola, IA 50125
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Listing Type
Condo/Townhome
Listing Status
Active
16
$205,000

Home Details for 104 E Boston Ave Ave

Price
$205,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
1776
Year built
1900
County
Warren
Garage
1
Days on site
0
MLS Listing#
6334722
Property Description

Five-Unit Investment Property Near Indianola Town Square Excellent opportunity to acquire an income producing property in a prime location near the Indianola town square. This 5 unit conversion property features a desirable unit mix including 4 studio apartments, and a 1 bedroom + 1 bath apartment. The two upstairs units can be considered as one unit if one wanted to run the property as a 4 unit rental space. The property’s efficient layout supports low-maintenance ownership, while its close proximity to the town square provides tenants with convenient access to shopping, dining, entertainment, and community events. The walkable location enhances long-term occupancy and rental appeal. Ideal for investors seeking steady cash flow and portfolio growth, this property presents a solid opportunity. At full occupancy, current net income after all expenses—including utilities, insurance, and property taxes—is approximately $2,000 per month, or $24,000 annually (+/-), representing an estimated 11.7% net annual ROI. This return does not include potential property value appreciation.

Property Features
  • Heating Information
    • Forced Air
  • Water Features
    • Public
Listing Courtesy: Iowa Land Company Real Estate LLC - 641-777-5484
Presented by: Cody Skinner
The information being provided is 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. Listing information provided courtesy of the Heart of Iowa MLS.
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Market statistics compiled from data from Heart of Iowa MLS.
EXIT REALTY FRONTIER
321 Central Ave, Fort Dodge, IA 50501
Emily Melody
License #: B68502000
Sales Representative
Office
515 570 1100
Agent
712 210 6449
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