0.78 Acres in Fairfield, IA - $269,000

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 to those who appreciate the character and charm of an older home ! Opportunity abounds as it is currently set up as an income-generating 5-plex, or you could live in 1 unit while the other rentals pay your living expenses. The building has been lovingly updated with a new exterior paint job, newer metal roof, plumbing and electrical upgrades, updated bathrooms to 4 of the 5 apartments and some updated kitchens. One of 5 units needs some finishing touches with a choice of flooring and kitchen details. For those searching for a project, you could turn this back into a glorious single-family residence, just as it once was. Surrounded by other beautiful houses, the lot and location is well-suited for your forever home! The property also features some of the most beautiful trees in town- a rarity which can't be matched! There is an amazing attic space begging to be turned into a stunning primary suite, ping pong room or flex space. Two of the 5 apartments are rented with year leases. There are 3 garage spaces with a large area for additional off street parking. The tenants pay there own electric. Their rent includes heat and water. Ask your agent for the income and expense sheet. The Principals of the LLC that owns the property are related to the listing agents. Tenants need 24 hours to show. Call for a viewing today.

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