This is a commercial building located in downtown Postville, IA.This building has two retail spaces on the main level. The current retail spaces are occupied by Erickson Law Office and Plan 1 Investments. All three of the upstairs apartments are rented. The current rents are as follows: Erickson Law Office: $325/month, Plan 1 Investments $150/month, Apartment #1 $325/month, Apartment #2 $325/month, Apartment #3 175/month. Total monthly income $1300/month.
Utilities are metered separately except water and sewer which are paid for by the landlord. Each of the two retail office areas have their own natural gas furnace and central air conditioning unit. Each of the upstairs apartments have individual electric heating units.
All the furnaces, central air units and electric heating units were installed in 2001. The roof was doen in 2005 by Allen Roofing & Construction. The building’s north and south sides were tuck pointed in 2005-06 at a cost of $21,000. The upstairs apartment windows were replaced in 20112 at a cost of $5000. The electrical has been updated along with the attic insulated. The landlord owns the stoves and refrigerators in each apartment.
For a Private Showing contact Steve Russett 563.516.1166
Taxes $1828/yr $814/six months