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1901 Madison Avenue, Burlington, IA 52601

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For Sale
Sale Pending

$111,000

2,144 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $51.77
    Price per square foot

Explore this Property

Exceptional investment opportunity at the bustling intersection of Madison Ave. and Harrison St. This income-producing commercial building is strategically positioned in a highly visible area, boasting a turnkey laundromat on the main floor and two upstairs apartments. Features: Turnkey Laundromat: The main floor of this property features a turnkey laundromat, ready to be revitalized and operationalized for immediate income generation. Alternatively, the space offers versatile potential for various business, commercial, or office purposes, catering to your entrepreneurial vision. Residential Units: Upstairs, you ll find two one-bedroom apartments, each contributing to the property s revenue stream. Currently, these units generate a combined monthly income of $1,070. Building Improvements: Enjoy peace of mind with building upgrades, including maintenance free vinyl siding, many replacement windows throughout the building and both newer shingled and metal roof sections. Independently Metered Utilities: Gas and electric utilities are separately metered, ensuring that tenants take responsibility for their usage. The landlord s obligations are limited to trash and water expenses, simplifying management. Convenient Parking: In addition to ample street parking, the property features a rear parking lot, providing ease of access for tenants and customers alike. PROPERTY SELLING AT ONLINE AUCTION- LIST PRICE IS ASSESSED VALUE AND HAS NO EFFECT ON FINAL SALE PRICE.
MLS# 6317572

Courtesy Of Fraise Auction & Real Estate

(319) 367-5744

Property Features

  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Heating System
    Forced Air
  • Lot Size
    0.1 Acres
  • Roof Type
    Unknown

Map and Directions

Directions to 1901 Madison Avenue, Burlington, IA 52601

Home seller CENTURY 21 Property Professionals

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Property Professionals

(319) 753-6000
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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