$199,000

1520 W Main

Ridgeway IA, 52165

Description

HUGE Investment Opportunity located right on the heavily traveled Hwy 9 between Decorah and Cresco! This one is a no-brainer folks. This property already has a four-plex apartment building with potential per month rent of $1600-$2000 but the bonus is the 4.76 acres of bare land with highway access. The travel count per day is 2,600 vehicles so this could be a prime spot for numerous businesses. The owners and I talked about a potential truck stop as a great possibility. With the way Ridgeway is growing it could also be a new housing subdivision as it is adjacent to the softball field. Currently two of the four one bedroom apartments are leased and the other two could be easily leased but this property is in an estate and the owners would like to sell it quickly. The new owner(s) can choose their renters or how they would like to run the property.

Details

MLS#20193706
Sub-TypeResale
StatusActive
Year1900
Days On Site68

Features

SQ Feet3,882
Units4

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Attachments

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Area Information

StateIA
CountyWinneshiek
CityRidgeway
Zip Code52165
AreaWinneshiek
Listing VS Median (in 52165)
Price:
$199,000
low | high
Med:
$199,000
50% of Average
SqFt:
3,882
low | high
Med:
3,882
50% of Average
$ / SqFt:
$51
low | high
Med:
$51
50% of Average
On Site:
68
low | high
Med:
68
100% of Average
Listing Updated: 09/21/2019
MLS Number: 20193706
Listing Provided By:
Emily Koch  of  Keller Williams Legacy Group