2215 250th St Washington IA 52353
2215 250th St Washington IA 52353
2215 250th St, Washington, IA, 52353Basics
- Date added: Added 3 weeks ago
- Type: MULTI-FAMILY
- Status: Active
- DOM: 55
- Subdivision: 18 75 07 LOT 25 SW1/4 SW1
- Year built: 1952
- Water/Sewer: Public Water,Private Septic
- Heating/Cooling: Window/Wall Units,Forced Air
- Units Total: 6
- Address: 2215 250th St, Washington, IA, 52353
- MLS ID: 202505048
Description
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Description:
Rare opportunity to own a fully rented 6-unit multifamily property in a prime locationâdirectly behind the Washington County Fairgrounds! Built in 1952 with 4,189 total square feet, this apartment complex includes six units (numbered 2 through 7) featuring a mix of 1- and 2-bedroom layouts. Unit 2: 2 bed/1 bath. Unit 3: 2 bed/2 bath. Units 4 & 5: 1 bed/1 bath. Unit 6: 2 bed/1 bath, no living room â $700/month. Unit 7: 1 bed/1 bath â $675/month. All units are currently tenant-occupied on month-to-month leases, providing immediate cash flow for investors. A shared on-site laundry space adds convenience and generates an additional $400â$500/month in income. The property sits on a generous lot with substantial green space behind the buildingâoffering tenant appeal and possible future development options. While the property is fully functional and income-producing, it offers significant potential for value-add improvements and cosmetic updatesâmaking it an ideal opportunity for investors seeking both steady income and long-term appreciation. 48-hour notice required for all showings. Interior photos are available upon request of Units 3, 5, 6, and 7 to verify layout. Units 2 and 4 are very similar, but I was not able to get inside those yet. Storage container is reserved.
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Location
- Directions: Coming into Washington from the North on Highway 1, turn right on G38. It is the first place on the left after the Washington County Fairgrounds.
- County: Washington
Building Details
- Basement: Poured Concrete, Slab
- Parking: 4 or More Cars