Home / 1518 4th Avenue Spencer, IA 51301

1518 4th Avenue IA 51301

$550,000
Status Active
MLS# 240960
Baths 8
Beds 12
Type MultiFamily
Style
Stories
Year Built 1977
Price Decreased

Presenting a fantastic property with four well-designed apartments, each featuring 3 bedrooms, 1.5 bathrooms, and an attached garage. Enjoy great views of the Spencer Municipal Golf Course and the benefit of large decks for added outdoor space. These apartments have a solid rental history, with all four currently under long-term leases, making this an attractive option for investors seeking reliable income. With each unit over 1,100 square foot, this property offers both value and potential.

Legal: 6 HARTS 2ND RES SUB (EXACT LEGAL PER ABSTRACT)

PROPERTY INFORMATION

  • 240960 MLS #
  • $550,000 List Price
  • Sale Category
  • Quadruplex Sub Type
  • MULTIFAMILY Property Type
  • 1518 4th Avenue SW Address
  • Spencer City
  • IA State
  • 51301 Postal Code
  • 12 Bedrooms
  • 8 Bathrooms
  • 4704 SQFT
  • 13000 Lot Size
  • Attached Garage Type
  • 4 Garage Stalls
  • 4692 Taxes
  • 2022 Tax Year
  • Spencer School
  • 1977 Year Built

UTILITIES

  • No Fireplace

LISTED BY

  • Jensen Real Estate Office
  • Matt Lippon (712.330.0604) Agent
  • Jensen Real Estate Co-Office
  • Michael Jensen (712.330.0604) Co-Agent

Property location

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Loan Amount : $440000
Monthly Payment : $2638.02

18th Avenue Spencer IA 51301

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1518 4th Avenue (MLS # 240960) is a property located in Spencer, IA. MLS# 240960 is a MultiFamily which has 12 bedrooms, 8 bathrooms, is 4704 sqft and listed with a price $550,000 on Bojihomes.com. 1518 4th Avenue is situated in the area of the Iowa Great Lakes located in Northwest IA. Find detailed information about 1518 4th Avenue, Spencer, IA 51301 including interior & exterior features, photos, as well as community and market stats for Spencer, IA. Contact RE/MAX Lakes Realty at to receive personalized Spencer, IA real estate service. He will provide you information and key facts based on years of knowledge and experience, about 1518 4th Avenue, Spencer, IA 51301. RE/MAX Lakes Realty will also provide you with a comparative market analysis (CMA) for similar homes for Sale in Spencer, IA. Explore 101 more homes for Sale in Spencer as well as 101 more properties for Sale in 51301 using Bojihomes.com MLS Search of off lake homes for East Lake, West Lake, and Big Spirit Lake..