Skip To Content

1520 Jeffreys Drive

Osceola, IA 50213
  • $775,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 654510
UPDATED: 20 min ago
$775,000
  • 2
    BEDS
  • 1.79
    ACRES
  • 37
    BATHS
  • 0
    1/2 BATHS
  • 17,011
    SQFT
  • $46
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

School District:

Description

Investor special! If you are looking for a high rate of return on your money - this is the project for you. Converting this hotel to 36 studio apartments could yield around $65k a year or more. A thorough 5-year projection is available for serious buyers. Also a possibility for more than $100k in grant money to make those profit numbers even higher. Renderings are done, bids are collected, financing has been secured with the possibility of assumption, workforce housing support letters have been gathered from the big employers in Osceola....this is a ready to go project in a community that is desperate for affordable housing! 3 bedroom owner's suite for you or your leasing manager. BRAND NEW ROOF and a well taken care of brick ranch structure. Now is the time to turn to rental investments! Call agent for all the extensive details. You would be hard pressed to find a higher rate of return on the market!

Monthly Payment Calculator

© 2022 Des Moines Multiple Listing Service. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Capital City. Data last updated: 2022-07-05T14:21:59.957.
www.exitrealtycc.com/homes/130069440
Print Image

1520 Jeffreys Drive Osceola, IA 50213

  • Price: $775,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 20 min ago
  • MLS #: 654510
2
Beds
37
Baths
0
½ Baths
1.79
Acres
17,011
SQFT
$46
$/SQFT
1970
Built
Neighborhood:
Osceola
County:
Clarke
Area:
Osceola
School District:
Outside School District
Property Description
Investor special! If you are looking for a high rate of return on your money - this is the project for you. Converting this hotel to 36 studio apartments could yield around $65k a year or more. A thorough 5-year projection is available for serious buyers. Also a possibility for more than $100k in grant money to make those profit numbers even higher. Renderings are done, bids are collected, financing has been secured with the possibility of assumption, workforce housing support letters have been gathered from the big employers in Osceola....this is a ready to go project in a community that is desperate for affordable housing! 3 bedroom owner's suite for you or your leasing manager. BRAND NEW ROOF and a well taken care of brick ranch structure. Now is the time to turn to rental investments! Call agent for all the extensive details. You would be hard pressed to find a higher rate of return on the market!
Exterior Features

Architectural Style Ranch Construction Materials Brick Foundation Details Poured Road Surface Type Concrete Roof AsphaltShingle

Interior Features

Cooling Central AirWindow Unit(S) Heating ElectricForced AirGasNatural Gas Heating YN Yes

Property Features

Lease Considered YN No Listing Terms CashConventional Lot Features Irregular Lot Property Sub Type Multi Family Sewer Public Sewer Tax Annual Amount 21586 Tax Year 2020 Water Source Public Zoning Com

Listing provided courtesy of Platinum Realty Llc. © 2022 Des Moines Multiple Listing Service.
© 2022 Des Moines Multiple Listing Service. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Capital City. Data last updated: 2022-07-05T14:21:59.957.
 
https://bt-photos.global.ssl.fastly.net/desmoines/orig_boomver_2_654510-2.jpg https://bt-photos.global.ssl.fastly.net/desmoines/orig_boomver_2_654510-2.jpg https://bt-photos.global.ssl.fastly.net/desmoines/orig_boomver_2_654510-2.jpg
Logo
EXIT Realty Capital City
7009 Hickman Rd
Urbandale IA, 50322