SELLER:  Kenneth Frank

ADDRESS:  113 2^nd Ave. SW, Cresco, Iowa

PRICE:  $125,000.00

TERMS:  Cash

LEGAL:  E ½ Lot 5, Blk 28, Cresco Plat

TAXES:  $1,490.00

LOT SIZE:  25’ x 150’

AGE:  1948

SQUARE FOOTAGE:  1400 on each floor

ZONING:  C2

APARTMENTS:  3 One bedroom Plus Efficiency (2 Apts. Upstairs, 1 Apt & efficiency apt. on main floor.

OFFICE/RETAIL:  Main floor

COMMENTS:  This building has had many updates since 1997.  In 1997 the building was gutted and all sheet rock replaced, new floor coverings, windows, door, insulated outside and inside of the rear and west side of building, new natural gas forced furnace & central air replaced. Building was rewired in 1997 except for office area with 200 Amp breaker boxes in each unit. New roofing (10’ seam, 20 year life) was installed in 2005.

The vinyl siding on the front of the building was replace in 1991 and the side and rear in 1997.

This building fronts on Hwy 9 and would be an excellent location for varied businesses.  (office, retail, food, beauty shop, etc.)

The apartments each rent for $400.00 a month and would help make your payments on this excellent investment.