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1518 4Th Avenue, Spencer, IA 51301

$485,000

Price Decreased
  • MLS# 251166
  • Bedrooms 12
  • Bathrooms 8
  • Total Sq.ft 4,704
  • Property Type MultiFamily
  • Year Built 1977

Property Description

Investor Opportunity on the Golf Course! Rare opportunity to own a well-maintained 4-unit multifamily complex located directly on the Spencer Municipal Golf Course. Each spacious unit features 3 bedrooms and 1.5 bathrooms, offering strong rental appeal in a beautiful and convenient location. One unit has been completely remodeled with modern finishes, while the remaining three units have received notable upgrades, including fresh paint and minor repairs—ensuring solid condition across the entire property. This income-producing property sits in a scenic setting, providing tenants with golf course views and easy access to local amenities. Whether you're expanding your portfolio or looking for a live-in investment, this is a turnkey opportunity with long-term potential. Don’t miss your chance to own a golf course-front multifamily with proven rental upside.

Legal: 6 HARTS 2ND RES SUB
Active

Property Information

  • 251166
  • $485,000
  • Sale
  • Quadruplex
  • MULTIFAMILY
  • 1518 4Th Avenue SW
  • Spencer
  • IA
  • 51301
  • 12
  • 8
  • 4704
  • 13000
  • Attached
  • 0.00
  • 5220
  • 2024
  • Spencer
  • 1977

Features

  • No

Utilities

  • No

LISTED BY

EXIT Realty Midwest- Spencer/Emmetsburg, Shelly Lohman (712.260.8665)

Property Location

Request Info For MLS #251166

Brooke Jones - Broker Associate, ABR|RSPS, Lakeshore and Residential Expert

Brooke Jones

Broker Associate, ABR|RSPS, Lakeshore and Residential Expert

Tracy Evans - Residential Expert

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