918 Smith Street

Rare Investment Opportunity: Turnkey 4-Unit Ranch in Woodburn, Iowa Attention investors! Discover the perfect "high-yield, low-entry" addition to your portfolio. Situated in the quiet community of Woodburn, just 10 minutes east of Osceola and I-35, this well-maintained four-plex offers immediate cash flow with a history of strong occupancy and low overhead. Smart Layout: This ranch-style building features four identical 1-bedroom, 1-bathroom units. The single-story design is highly attractive to long-term tenants seeking easy accessibility and no stairs. Solid Construction: Built in 1977 on a durable slab foundation, the exterior features a low-maintenance brick and frame combination. Investor Details: Income: Unit 1: $500, Unit 2: $625, Unit 3: $625, Unit 4: $600, Coin operated laundry: $125 Expense: Water: $125, common area electric: $120, trash: $38 Highlights: No rental inspections, some recent window upgrades, one completely remodeled unit. All information obtained from seller or public record.

Legal: COPPOCKS ADDITION LOT 2

Status: Active

Property Information

736256

$160,000

Sale

Ranch

MultiFamily

918 Smith Street

Woodburn

Clarke

IA

50275

4

2520

4

4

1

2520

16867

Woodburn

1610

1977

Clarke Community

Features

Ranch

Dryer, Refrigerator, Stove, Washer

Utilities

Baseboard, Electric

Public

SepticTank

WindowUnits

No

Miscellaneous

Brick

Listed By

RE/MAX Precision, Benjamin Nichols (515.778.1269)

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