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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