Marybeth Chupka
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Charming Two-Story Brick Building in Downtown Ottumwa! This versatile property features an income-ready retail space and a bar/eatery layout on the first floor, ideal for a low-risk cafe or breakfast spot (no open flame required for lower overhead!). The second floor boasts a ready-to-rent or live in two-bedroom, one-bathroom apartment, with potential monthly rental income of $2,500 plus a possibility of having a year of income with the current businesses. There's also an opportunity to add a rear deck for even more appeal! Don't miss out on this unique opportunity to own a piece of downtown Ottumwa with endless potential! Call to Schedule your showing today
Property Highlights
Property Type: Commercial - Investment
Year Built: 1880
General Information
County: Wapello
Listed By:
Bridge City Realty
641-684-1234
No Coast MLS
MLS ID: 6337395
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328 E Main Street, Ottumwa, IA 52501.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $335,000 | $335,000 | $335,000 |
| Down Payment | $67,000 | $11,725 | $83,750 |
| Monthly Mortgage Amount | $1,564 | $1,972 | $2,036 |
| Taxes | $466 | $466 | $466 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $147 | $0 |
| Monthly Estimated Total | $2,130 | $2,685 | $2,602 |
Marybeth Chupka
REALTOR®
Office: (563) 441-5015
Cell: (563) 529-2766
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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