7 S Frederick Ave, Oelwein, IA 50662

7 S Frederick Ave, Oelwein, IA 50662
MLS ID #:
20150037

Property Address:
7 S Frederick Ave
Oelwein, IA 50662

County:
Fayette

Region:
Outside Area

Area:
Surrounding Area

Miles to Highway:
IOWA 150

Year Built:
1904

Property Type:
Commercial

Sub-Type:
Retail

Date Listed:
January 3rd, 2015

Status:
Active

Price:
$84,000.00

Gross Taxes:
2080.00

Tax Year:
2013

Gross Op Income:
$1,875.00 Projected

Net Op Income:
$875.00 Projected

Gross Op Expense:
$1,000.00 Projected

Multi-Tenant:
Yes

Sale/Rent:
For Sale

For Lease:
Yes

Lease Type:
Gross

Sale/Lease Type:
Normal Sale

Lease $/Month:
$1,875.00

Lease $/SqFt:
$0.36

For Sale:
Yes

Ivestment:
Yes

Zoning:
COMMERCIAL

Legal Desc:
N 26.7' LOT 24, W 55.18' S 10' LOT 25 BLK 1 ORIGINAL OELWEIN (not to be used for legal documents

Total Building Sq Ft:
5,300 sq ft

Lot Sq Footage:
4,290

Acres:
0.1000

Common Area:
Yes

Remarks: New roof on 7 S Frederick in 2016!! There are two building with 4 apartments and 2 commercial stores, combined as one property. Use the one you want for your business and rent out the rest. 5 South Frederick This, approximately 13’ x 55’, store offers over 650 square feet of interior area. Beltone Hearing has rented it for many years. It has a rear exit to the alley. The building is wider on the east side than the west side. There is a one bedroom apartment on the second floor. Gross rent for both is $550. 7 South Frederick This, approximately 24’ x 94’, store offers over 2000 square feet of interior area. A beautiful tin ceiling and other features enhance the décor of this building. A full kitchen is currently in the back section. The front of the store is all glass for a great store view. It has an energy efficient natural gas furnace and central air conditioning. A side door has access to the alley in back. Gross rent is $500. It has a 19’ x 30’ 1½-stall garage in the rear. The basement of the building has been dry and offers lots of storage. There are three 2 bedroom apartments on the second floor. Gross rent is $925. The store renters normally pay for gas, electric, and garbage. All apartments have FAG furnaces and central air. The water/sewer and garbage are paid by the landlord, while the tenants pay their own gas and electric. Current property taxes are $1820 per year. Dennis Martin, Listing agent, is the primary shareholder for Windy Ash Enterprises, Inc., the owner of this building.
Realtor/Equal Housing Lender Listing provided courtesy of Volga River Realty.
Listing Agent: Dennis Martin
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. The data is deemed reliable but is not guaranteed accurate by the MLS.

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