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MLS ID #: 20193706

1520 W Main Street, Ridgeway, IA 52165

1520 W Main Street, Ridgeway, IA 52165
605 Rossville Road, Waukon, IA 52172
Listing Agent: Emily Koch
Cell: (563) 422-7274 | Office: (563) 568-0011 | Fax: (563) 568-3035
Email: emilykoch@kw.com
MLS ID #:
20193706

Property Address:
1520 W Main Street
Ridgeway, IA 52165

County:
Winneshiek

Region:
Outside the Metro Area

Year Built:
1900

Property Type:
Multi-unit

Sub-Type:
Fourplex

Number of Units:
4

Additional Parcel:
Yes

Elementary School:
Crestwood

Mid/Jr High School:
Cresco

Sr. High School:
Crestwood

Date Listed:
July 15th, 2019

Status:
Active

Price:
$199,000.00

Gross Taxes:
$1,862.00

Gross Income:
$20,400.00 Projected

Net Income:
$0.00

Occupant:
Renter

Tenant Responsible:
None

Terms of Tenancy:
Month to Month

Finance Type:
Cash

Sale/Lease Type:
Normal Sale

Docs on File:
Aerial Photo, Lead Paint Disclosure

Zoning:
HWY-1

Legal Desc:
SW 1/2 Lot 7 & 8 Blk 3 and Lots 1,2,3,1-4,2-1-5,2-1-6,2-7 Exc S 1/2 Lot 7 & Lot 2-8 Exc S 1/2 Lot 8 Blk 3; Blk 2 Ex Pt Lot A; Lots 3-1-1-1-39 & 1-1-1-1-1-1-1-1-40 Ex Pt Lying Between Lot 2-2-1-1-1-1-1-1-1-40 & Lot 2-1-1-40 NE NE

Unit #1:
1 Bed, 1.5 Bath, Kitchen, Living Room, Dining Room, Garage, Refrigerator, Stove, Dishwasher, Washer/Dryer, $500.00 Rent

Unit #2:
1 Bed, .75 Bath, Kitchen, Living Room, Dining Room, Garage, Refrigerator, Stove, Washer/Dryer, $400.00 Rent

Unit #3:
1 Bed, .75 Bath, Kitchen, Living Room, Dining Room, Garage, Refrigerator, Stove, Washer/Dryer, $400.00 Rent

Unit #4:
1 Bed, .75 Bath, Kitchen, Living Room, Dining Room, Garage, Refrigerator, Stove, Washer/Dryer, $400.00 Rent

Basement:
Stone/Earthen

Laundry:
Laundry Room

Garage Stalls:
1

Garage Type:
Attached

Parking:
Parking Spaces,Paved

Off-Street Parking:
5

Stories:
1 Story, Quadruplex

Total Fin Sq Ft:
3,882 sq ft

Main Sq Ft:
3,434 sq ft

2nd Level Sq Ft:
448 sq ft

Lot Description:
Buildable Site, Corner Lot

Lot Sq Footage:
214,346

Lot Dimensions:
100 x 70

Reg/Irreg:
Irreg

Acres:
4.920

Road Frontage:
Hard Surface Road, Paved Road Frontage

Exterior:
Wood Lap

Siding:
Wood

Roof Type:
Asphalt

Exterior Amentities:
RV Parking

Utilities Available:
Electric in Rent, Garbage in Rent, Gas in Rent, Water in Rent

Water Type:
City

Sewer Type:
City

Fuel Type:
Natural Gas

Water Sep by Unit:
No

Elec Sep by Unit:
No

Heat Sep by Unit:
No

Heating:
Forced Air

Cooling:
Window Unit

Flood Plain Class:
C/X - Not in Flood Plain

Remarks: HUGE Investment Opportunity located right on the heavily traveled Hwy 9 between Decorah and Cresco! This one is a no-brainer folks. This property already has a four-plex apartment building with potential per month rent of $1600-$2000 but the bonus is the 4.76 acres of bare land with highway access. The travel count per day is 2,600 vehicles so this could be a prime spot for numerous businesses. The owners and I talked about a potential truck stop as a great possibility. With the way Ridgeway is growing it could also be a new housing subdivision as it is adjacent to the softball field. Currently two of the four one bedroom apartments are leased and the other two could be easily leased but this property is in an estate and the owners would like to sell it quickly. The new owner(s) can choose their renters or how they would like to run the property.
Realtor/Equal Housing Lender Listing provided courtesy of Keller Williams Legacy Group.
Listing Agent: Emily Koch
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Additional Photos

  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165
  • 1520 W Main Street, Ridgeway, IA 52165

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