215 E Ninth Street, Madrid, IA 50156

$349,900
BEDS 6
BATHS 4 full
SQUARE FEET 2,686
MLS# 736117
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STATUS: Active
PROPERTY TYPE: Residential - Single Family
SCHOOL: Madrid

Property 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!

215 E Ninth Street | MLS# 736117

This single family home located at 215 E Ninth Street, Madrid, IA 50156 is currently listed for sale with an asking price of $349,900. This property was built in 1918 and has 6 bedrooms and 4 full baths with 2686 sq. ft. E Ninth Street is located within the Madrid school district. Search Madrid real estate on www.hunzikerconstruction.com today.

Property Features

Property Type: Residential - Single Family
Basement: Unfinished
Cooling: Central Air
Heating: Baseboard, Electric, Forced Air, Gas, Natural Gas
Lot Size: 0.21 Acres
Roof Type: Asphalt, Shingle
Taxes: $3,092
Year Built: 1918

Amenities

Deck
Storage

Feature Descriptions

Appliances: Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
Community Features: Sidewalks
Days on Site: 20
Exterior: Metal Siding
Flooring: Laminate
Laundry: Main Level
Lot: Rectangular Lot
Parcel#: 088226364186028
Parking: Carport
Parking Notes: Carport
Patio/Porch: Deck
Security: Smoke Detector(s)
Sewer: Public Sewer
Water: Public

Local Schools

School District: Madrid

Listed By / Shown By

Listed By

Agency Name: Boutique Real Estate
Agency Phone: (515) 314-4777

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Estimated Payment

$ 2,129.01 per month $1,769.28 Principal & Interest $257.67 Property Tax $102.05 Homeowner's Insurance

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