1901 Madison Avenue Burlington, IA 52601
Exceptional investment opportunity at the bustling intersection of Madison Ave. and Harrison St. This income-producing commercial building is strategically positioned in a highly visible area, boasting a turnkey laundromat on the main floor and two upstairs apartments. Features: ⢠Turnkey Laundromat: The main floor of this property features a turnkey laundromat, ready to be revitalized and operationalized for immediate income generation. Alternatively, the space offers versatile potential for various business, commercial, or office purposes, catering to your entrepreneurial vision. ⢠Residential Units: Upstairs, youâll find two one-bedroom apartments, each contributing to the propertyâs revenue stream. Currently, these units generate a combined monthly income of $1, 070. ⢠Building Improvements: Enjoy peace of mind with building upgrades, including maintenance free vinyl siding, many replacement windows throughout the building and both newer shingled and metal roof sections. ⢠Independently Metered Utilities: Gas and electric utilities are separately metered, ensuring that tenants take responsibility for their usage. The landlordâs obligations are limited to trash and water expenses, simplifying management. ⢠Convenient Parking: In addition to ample street parking, the property features a rear parking lot, providing ease of access for tenants and customers alike. PROPERTY SELLING AT ONLINE AUCTION- LIST PRICE IS ASSESSED VALUE AND HAS NO EFFECT ON FINAL SALE PRICE.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyDes Moines
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site24 Days
- MLS StatusActive
- MLS ID Number6317572
- Home Size Source N/A
- Year Built1890
- Lot Size0.103 Acres
- Full Baths3
- Partial BathsN/A
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