About 401 S Iowa Street
Classic Second Empire-style 6-unit investment property offering character and excellent income potential. The unfinished third story presents an opportunity to create additional living space for rental income (subject to buyer verification and local approvals). Coin-operated laundry in the basement provides additional revenue. Two units have recently been refreshed and are vacant, giving the new owner an opportunity to set market rents. The majority of the roof has been replaced. All current tenants are on month-to-month leases, allowing flexibility for future plans. Parcel 216-0116 is not included in the sale; however, the purchaser will have the first opportunity to buy that parcel should it become available in the future.
Features of 401 S Iowa Street
| MLS® # | 2029259 |
|---|---|
| Price | $525,000 |
| Year Built | 1888 |
| Type | Multi Family |
| Status | Active |
| Detailed Status | Active |
| Net Taxes | $4,155 |
| Tax Year | 2024 |
Community Information
| Address | 401 S Iowa Street |
|---|---|
| Area | DODGEVILLE - C |
| Subdivision | Burrall's Addition |
| City | Dodgeville |
| County | Iowa |
| State | WI |
| Zip Code | 53533 |
Amenities
| Utilities | Separate gas meters |
|---|
Interior
| Heating | Radiant |
|---|
Exterior
| Exterior | Wood, Brick |
|---|
School Information
| District | Dodgeville |
|---|---|
| Elementary | Dodgeville |
| Middle | Dodgeville |
| High | Dodgeville |
Additional Information
| Zoning | Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Assessed Value | $220,000 |
| Year Assessed | 2024 |
Open House Information
Listing Details
| Office | Potterton Rule Real Estate LLC |
|---|---|
| Contact Info | Off: 608-935-2396 |