$120,000

103 Carolina Street, Meservey, IA 50457

  • 6 beds
  • 2,819 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $43/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

Excellent investment opportunity with immediate lease-up potential! This fully vacant fourplex features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, allowing the new owner to lease at current market rents from day one. Major capital improvements include a new steel commercial roof, durable brick exterior in excellent condition, and newer flooring throughout all four units, helping minimize future maintenance costs. Each unit is separately metered with its own electrical breaker panel, while water is on a single meter and included in the rent for simplified management. A fifth shared laundry room provides an additional amenity for tenants and offers potential for supplemental income with coin-operated or app-based laundry equipment. Whether you're looking to expand your portfolio or complete a value-add lease-up, this property offers a solid foundation with strong income-producing potential.

Listing Status:
Pending
Date Added:
July 8, 2026
Data Last Updated:
July 26, 2026 at 5:19PM
Listing Office:
EXP Realty, LLC : (833) 835-5566
Listing Agent:
Fernando Aveiga : (515) 782-5174
MLS ID:
744210
  • Basement: Unfinished
  • A/C: Central Air
  • Heating: ElectricForced Air
  • Style: Ranch
  • Roofing: Metal
  • General: 1Brick/Mortar
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Central Springs
  • County: Cerro Gordo
  • Zoning: R-4W 15' L'S 5-6 & ALL L'S 7-8-9 & VAC ALLEY BETW L'S 4 & 9 & VAC ALLEY BETW L'S 5 & 8 & VAC ALLEY BETW L'S 6-7 BLK 6 MESERVEY133235500200
  • Utilities: Water Available
  • Source: DMAAR_DM

This listing courtesy of Fernando Aveiga , EXP Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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