$111,000
Active
24 Days Online
3 Beds3 Baths2,144 SQFT
Active

1901 Madison Avenue Burlington, IA 52601

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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, you’ll find two one-bedroom apartments, each contributing to the property’s 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 landlord’s 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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