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Exceptional investment opportunity in the heart of Homestead with strong cash flow on day one! This property features a 4-unit historic multifamily property paired with an exceptional 3-bedroom single family home! With tenants in every unit, including the single-family home, this property has immediate income with proven long-term potential. Residents enjoy a large outdoor common space and off-street parking for every unit, a rare and valuable amenity. The single-family home on the property boasts updates throughout and provides excellent income or future owner-occupant flexibility. With its proximity to local industry and rental demand, this property is poised for continued success. Priced well under assessed value, this is a compelling opportunity for investors seeking a turnkey property with built-in equity and consistent returns.
| DAYS ON MARKET | 7 | LAST UPDATED | 3/2/2026 |
|---|---|---|---|
| TRACT | HOMESTEAD | YEAR BUILT | 1868 |
| COMMUNITY | CorridorArea | COUNTY | Iowa |
| STATUS | Pending | PROPERTY TYPE(S) | Single Family |
| Elementary School | ClearCreek |
|---|---|
| Jr. High School | ClearCreek |
| High School | ClearCreek |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator |
| AREA | CorridorArea |
| BASEMENT | Block, Partial, Yes |
| CONSTRUCTION | Brick, Vinyl Siding |
| HEAT | Forced Air, Natural Gas |
| HOA DUES | Annually |
| INTERIOR | Other |
| LOT DIMENSIONS | 93x300 |
| PARKING | Off Street |
| SEWER | Public Sewer |
| SUBDIVISION | HOMESTEAD |
| TAXES | 2860 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Trent Forrest, Iowa Elite Marketing Group
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