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6 Beds
0 Baths
2,819 sqft

$120,000

103 Carolina Street, IA, 50457

Price per sqft$42.57
Property size2,819 sqft
Property typeMulti-family

Overview

Active

Listed Aug 19, 2026

Updated Aug 21

Excellent investment opportunity with immediate lease-up potential! This fully vacant fourplex features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, allowing the new owner to lease at current market rents from day one. Major capital improvements include a new steel commercial roof, durable brick exterior in excellent condition, and newer flooring throughout all four units, helping minimize future maintenance costs. Each unit is separately metered with its own electrical breaker panel, while water is on a single meter and included in the rent for simplified management. A fifth shared laundry room provides an additional amenity for tenants and offers potential for supplemental income with coin-operated or app-based laundry equipment. Whether you're looking to expand your portfolio or complete a value-add lease-up, this property offers a solid foundation with strong income-producing potential.

$798/mo

Est. mortgage payment based on a $120,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
744210

Interior Features

Bedrooms
6
Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$980
Tax Frequency
Annually

 

Courtesy of EXP Realty, LLC, Fernando Aveiga,
Listing Contact: (515) 782-5174 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Slavin & Partners shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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