This prime investment property in Indianola offers a fantastic opportunity for buyers looking to expand their portfolio with a multi-unit rental. Located directly across from Simpson College and Buxton Park, this well-maintained parcel includes an 11-unit apartment complex alongside a spacious duplex, making it an attractive option for investors. The apartment building consists of nine two-bedroom, one-bath units and two one-bedroom, one-bath units, many updated throughout the years. Tenants have access to a convenient community laundry room, and off-street parking is also available. The duplex features two units, one with two bedrooms and one bath, and one with 3 bedrooms and 2 baths, offering additional rental possibilities. With its strategic location near Simpson College, the property experiences strong rental demand from students and faculty, ensuring consistent occupancy. Situated near Buxton Park, tenants can enjoy easy access to green spaces and walking trails, adding to the appeal of the residence. Additionally, the property is just minutes from downtown Indianola and various local amenities, making it a well-rounded choice for renters.
Legal: 24-76-24 COLLEGE ADD LOT 2 & LOT 3 BLK 34 LORRAINE HALL
719671
$635,000
Sale
Apartment
MultiFamily
606 & 610 N Buxton Street
Indianola
Warren
IA
50021
24
2040
13
13
Daylight
2040
17250
Indianola
12324
1900
Indianola
Unfurnished
Carpet, Laminate
Dryer, Refrigerator, Stove, Washer
ForcedAir, Gas, NaturalGas
Public
PublicSewer
CentralAir,WindowUnits
No
Brick, Frame
RE/MAX Precision, Jon Kilpatrick (515.418.1896)