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.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 13
- Full Bathrooms: 13
Appliances
- Dryer
- Refrigerator
- Stove
- Washer
- Laundry Features: MainLevel
Heating and Cooling
- Cooling Features: CentralAir, WindowUnits
- Heating Features: ForcedAir, Gas, NaturalGas
- Heating: Yes
Interior Features
- Flooring: Carpet, Laminate
Other Rooms
- Basement Description: Daylight
Land Info
- Lot Size Acres: 0.4
- Lot Size Dimensions: 115.0 x 150.0
- Lot Size Square Feet: 17250
Exterior and Lot Features
- Road Surface Type: Concrete
Homeowners Association
- Association: No
- Association Fee Includes: MaintenanceGrounds, Trash, SnowRemoval
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School District: Indianola
- High School District: Indianola
- Middle or Junior School District: Indianola
Rental Info
- Gross Income: 9515
- Lease Considered: No
- Tenant Pays: Electricity
Multi-Unit Info
Amenities and Community Features
- Community Features: LaundryFacilities
Other Property Info
- Annual Tax Amount: 12324
- Source Listing Status: Pending
- County: Warren
- Directions: From HWY65/69 turn west on W Franklin Ave go to N Buxton ST the property is on the corner.
- Source Property Type: MultiFamily
- Area: Indianola
- Source Neighborhood: Indianola
- Owner Pays: Gas, Insurance, JanitorialService, Taxes, Water
- Parcel Number: 48140340020
- Postal City: Indianola
- Zoning: M
- Property Subtype: Apartment
Commercial Info
Building and Construction
- Total Square Feet Living: 2040
- Year Built: 1900
- Building Area Total: 2040
- Construction Materials: Brick, Frame
- Foundation Details: Block
- Property Age: 125
- Roof: Asphalt, Rubber, Shingle
- Structure Type: Apartment, MultiFamily
Utilities
- Electric On Property: Yes
- Sewer: PublicSewer
- ElectricityAvailable
- NaturalGasAvailable
- WaterAvailable
- Water Source: Public