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About This Home
This 0-bedroom, 0-bathroom multi-family at 104 E Boston Ave in Indianola, IA is listed for $205,000 ($115 per sqft). Built in 1900, the home offers 1,776 sqft of living space on a N/A lot.
Five-Unit Investment Property Near Indianola Town Square Excellent opportunity to acquire an income producing property in a prime location near the Indianola town square. This 5 unit conversion property features a desirable unit mix including 4 studio apartments, and a 1 bedroom + 1 bath apartment.
The two upstairs units can be considered as one unit if one wanted to run the property as a 4 unit rental space. The property's efficient layout supports low-maintenance ownership, while its close proximity to the town square provides tenants with convenient access to shopping, dining, entertainment, and community events.
The walkable location enhances long-term occupancy and rental appeal. Ideal for investors seeking steady cash flow and portfolio growth, this property presents a solid opportunity. At full occupancy, current net income after all expenses-including utilities, insurance, and property taxes-is approximately $2,000 per month, or $24,000 annually (+/-), representing an estimated 11.7% net annual ROI. This return does not include potential property value appreciation.
Key Features
- Built in 1900
- 2 stories
Property Details
Monthly Cost Estimate
$1,096/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
104 E Boston Ave
Indianola, IA 50125
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 104 E Boston Ave is listed at $205,000 ($115/sqft). The estimated monthly payment is $888 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 2 stories.
This property is listed by Cody Skinner and can be reached at 5154436343 or cody@iowalandcompany.com.
