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1204 5th Street Nevada, IA 50201 Residential - Single Family

  • 1204 5th Street, Nevada, IA 50201 Main Photo

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Description

Opportunity awaits at 1204 5th Street in Nevada, a unique and versatile property offering an incredible amount of space and possibilities in a highly visible location along Lincoln Highway. With nearly 6,800 square feet of finished space amongst all levels, multiple residential units, extensive garage space, and ample concrete parking, this property presents an exciting opportunity for an investor, business owner, or someone looking for a truly one-of-a-kind property. The expansive main level features a beautiful open wood staircase, accessible restroom, and flexible space that could accommodate a variety of office, retail, or other uses. Upstairs, the second level features two 2-bedroom apartments, providing an opportunity for rental income while utilizing the main level for another purpose. Both apartments have benefited from significant updates. The second floor also includes a shared laundry area and one unit has access to a rooftop deck. The property also includes a large finished basement with approximately 1,100 finished square feet, providing even more usable space for storage, operations, recreation, or other needs. Garage and parking space are another major highlight. The property features an approximately 1,000-square-foot attached garage with three overhead doors, along with an additional 525-square-foot detached garage. Combined with plenty of concrete parking, there is plenty of room for vehicles, equipment, tenants, etc.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 6,940
Garage Size: 6
Attached Garage
Built in 1900
Brick Exterior

General Information

Bedrooms: 4
Bathrooms: 3
Sqft: 6,940
County: Story
Subdivision: STEWARTS ADD
Listed By:
RE/MAX Concepts 515-291-7900
No Coast MLS
$395,000
Est. $2,741/mo
4beds
3baths
6,940sqft
6cars
Active
BEDS4 BATHS2 full 1 partial SQUARE FEET6,940 MLS#6342043
STATUS PROPERTY TYPEResidential - Single Family SUBDIVISIONSTEWARTS ADD

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Ruhl&Ruhl Realtors
563.441.1776

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1204 5th Street, Nevada, IA 50201.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $395,000$395,000$395,000
Down Payment $79,000$13,825$98,750
Monthly Mortgage Amount $2,076$2,516$2,520
Taxes $550$550$550
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$174$0
Monthly Estimated Total $2,741$3,355$3,185

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