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A Fantastic Income Producing Four-Plex

This apartment complex has four units  with common area in the middle used for laundry.  Each apartment is approximately 800 sq. ft.  Units have hot water heat and two units have window air conditioners owned by the owner.  At the time of listing, all units are occupied.  One unit rents for $375/mo, the other three rent for $400/mo, grossing $18,900/yr based on 100% occupancy.  This apartment complex is located in Greenfield, a progressive, friendly community in Southwest Iowa.  If you are looking for an investment property, this is one to check out today!  Call Listing Agent David Brown for more details and to schedule a showing.

For more information please call Preferred Properties of Iowa, Inc. The information contained in this prospectus was gathered from sources believed to be reliable. We do not guarantee this information and urge the prospective buyer to do further investigation on their own. PPI, Inc. is representing the Seller.

Name:  Grettenberg Property

Click to enlarge.

Price: $90,000

Units:  4 units, with 3 renting for $400/mo, and 1 renting for $375/mo

Building: 4 units with common area in middle.  Built in 1964.

Lot: 142' x 92'

Utilities: City water, electricity and natural gas.  Tenants pay electic, owner pays gas & water bill.

Possession: At Closing

Tax: Approx. $265/yr  (Adair Co. Treasurer)

Location:  Westridge Apartments - 102 NW Sixth St., Greenfield, IA
Agent:                                Dave Brown  - 641-344-5559