103 Carolina Street, Meservey, IA 50457

Meservey
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
103 Carolina Street,, IA 50457
$120,000
  • 6 Beds
  • - Baths
  • 2,819 sq. ft.
  • Multi-family
  • Active
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:15 day(s) ago
  • Updated:July 23, 2026 at 10:42 PM

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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