Gayle Schwarz - Coldwell Banker River Valley Realtors
7 S Frederick #see Below
Oelwein, IA 50662

Description

New roof on 7 S Frederick in 2016!! There are two building with 4 apartments and 2 commercial stores, combined as one property. Use the one you want for your business and rent out the rest. 5 South Frederick This, approximately 13 x 55, store offers over 650 square feet of interior area. Beltone Hearing has rented it for many years. It has a rear exit to the alley. The building is wider on the east side than the west side. There is a one bedroom apartment on the second floor. Gross rent per month for both is $600. 7 South Frederick This, approximately 24 x 94, store offers over 2000 square feet of interior area. A beautiful tin ceiling and other features enhance the dcor of this building. A full kitchen is currently in the back section. The front of the store is all glass for a great store view. It has an energy efficient natural gas furnace and central air conditioning. A side door has access to the alley in back. Gross rent is $500. It has a 19 x 30 1-stall garage in the rear. The basement of the building has been dry and offers lots of storage. There are three 2 bedroom apartments on the second floor. Gross rent is $950. The store renters normally pay for gas, electric, and garbage. All apartments have FAG furnaces and central air. The water/sewer and garbage are paid by the landlord, while the tenants pay their own gas and electric. Current property taxes are $1820 per year. Dennis Martin, Listing agent, is the primary shareholder for Windy Ash Enterprises, Inc., the owner of this building.

Details

MLS#20150037
StyleIndustrial
Sub-TypeResale
StatusActive
Year1904
Days On Site279

Features

Story(s)1
ZoningCOMMERCIAL

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Attachments

20150037_01.jpg

Area Information

StateIA
CountyFayette
CityOelwein
Zip Code50662
AreaFayette
Listing VS Median (in 50662)
Price:
$84,000
low | high
Med:
$68,000
69.047619047619% of Average
On Site:
279
low | high
Med:
104
100% of Average
Listing Updated: 01/15/2019
MLS Number: 20150037
Listing Provided By:
Dennis Martin  of  Volga River Realty