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Property Description

Situated on a picturesque 3/4 acre lot in a well-established neighborhood, this east facing property appeals to investors looking for positive cash flow, as well as those who appreciate the character & charm of an older home ! Opportunity abounds as it’s currently set up as an income-generating 5-plex, or you could live in 1 unit while the other rentals pay your living expenses. Lovingly updated with a new exterior paint job, newer metal roof, plumbing & electrical upgrades, updated bathrooms to 4 of the 5 apts. & some updated kitchens. 1 of 5 units needs some finishing touches with a choice of flooring & kitchen details. Those searching for a project could turn this back into a glorious single-family home, as it once was. The property also features some of the most beautiful trees in town- a rarity which can’t be matched! See the amazing attic space begging to be turned into a stunning primary suite, ping pong room or flex space. 2 of the 5 apts. are rented with year leases. 3 garage spaces with a large area for additional off street parking. The tenants pay their own electric, but rent includes heat & water. Ask your agent for the income & expense sheet. The Principals of the LLC that owns the property are related to the listing agents. Tenants need 24 hours notice to show. Call for a viewing today!

Features
Hot Water
Window Unit(s)
Full
Gravel
Carpet, Vinyl
City Sewer/Connected
Electric Separate
Appliances
Range, Refrigerator, Washer, Dryer, Electric Water Heater
Address Map
US
IA
Jefferson
Fairfield
52556
Main
604
Street
W92° 2' 10.5''
N41° 0' 5.3''
South on Main Street from the square. Go through the light at Madison, continuing on S. Main, and the property is the 6th house on the right.
S
Additional Information
100X339
Shared System, Public
269000
None
5
None
Tree Coverage - Light
3
Wood Siding
3460
Other
Financial
2792
Listing Information
223808
28797
Village Realty
221439
28797
Sold
2025-05-16T01:01:40Z
NoCoast

604 S Main Street, Fairfield, Iowa 52556

Commercial Sale For Sale

0.78 Acre
$269,000
Listing ID #6325610
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 6325610
Price : $269,000
Year Built : 1900
Lot Area : 0.78 Acre
Status : Closed
Office Name : Village Realty
Property Sub Type : Apartment
Roof : Metal
Contact Us
Address
704 W US Highway 30
Carroll, IA 51401
Property