103 Carolina Street, Meservey, IA 50457

Meservey

Local realty services provided by:CENTURY 21 Signature Real Estate

103 Carolina Street,, IA 50457

$120,000

Listed by: fernando aveiga

Office: exp realty, llc.

MLS#:744210

Source:IA_DMAAR

Price summary

Price:$120,000
Price per sq. ft.:$42.57

About this home

Excellent investment opportunity with immediate lease-up potential! This fully vacant fourplex features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, allowing the new owner to lease at current market rents from day one. Major capital improvements include a new steel commercial roof, durable brick exterior in excellent condition, and newer flooring throughout all four units, helping minimize future maintenance costs. Each unit is separately metered with its own electrical breaker panel, while water is on a single meter and included in the rent for simplified management. A fifth shared laundry room provides an additional amenity for tenants and offers potential for supplemental income with coin-operated or app-based laundry equipment. Whether you're looking to expand your portfolio or complete a value-add lease-up, this property offers a solid foundation with strong income-producing potential.

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Home facts

Listing ID #:744210
Added:22 day(s) ago
Updated:July 29, 2026 at 08:34 AM

Rooms and interior

Bedrooms:6
Basement:Yes
Basement Description:Unfinished
Living area:2,819 sq. ft.

Heating and cooling

Cooling:Central Air
Heating:Electric, Forced Air
Central air:Yes

Structure and exterior

Roof:Metal
Building area:2,819 sq. ft.
Lot Features:Corner Lot
Architectural Style:Ranch
Foundation Description:Brick/Mortar

Utilities

Water:Water Available

Finances and disclosures

Price:$120,000
Price per sq. ft.:$42.57
Tax amount:$980

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