Discover an incredible investment opportunity with this Four-plex located in Shelby, Iowa, just 35 minutes from downtown Omaha. Perfect for expanding your investment portfolio or for house hacking. Each featuring 2 bedrooms, 1 full bathroom, spacious living rooms, and eat-in kitchens complete with a stove and refrigerator. The units are separately metered for electricity, and tenants have access to a shared utility room with a coin-operated washer and dryer on the lower level. Fully occupied and generating a gross rental income of $3,300 per month, there is potential to increase rents to market value and implement a RUBS (Ratio Utility Billing System) for additional income. Ample parking is provided for tenants. A new water line was recently installed. With immediate rental income and potential for increased profitability, this property is a fantastic opportunity.
Room Features
Laundry RoomBelow Grade
Primary BedroomMain Floor
BasementYes
Lot & Building Features
SewerPublic Water
Tax Year2022
Taxes Paid$1,478
Above Grade SQFT3400
Community and Schools
Elementary SchoolA-H-S-T
Junior High SchoolA-H-S-T
Senior High SchoolA-H-S-T
Price History of 707 Bluffs Street, Shelby, IA
Date
Name
Price
Difference
06/12/2024
Price Adjustment
$289,000
3.67%
05/28/2024
Price Adjustment
$299,999
3.23%
05/03/2024
Listing Price
$310,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
707 Bluffs Street (MLS #22410934) is a other single family home located in Shelby, IA.
This single family home is 3,400 sqft and on a lot of 35,284 sqft (or 0.81 acres) with 8 bedrooms, 4 baths and is 48 years old. This property was listed on 05/03/2024 and has been priced for sale at $289,000.
Nearby zip codes are 51553. This property neighbors other cities such as Minden.
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Listing information courtesy of: REAL Broker NE, LLC