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102 S Main Street, Leon, IA 50144

$250,000
: 28
BD
: 15,651
SqFt

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List Price: $250,000
Status: ACTIVE
MLS#: 734599
Year Built: 1920
Price Change: ▼ $170,000 1792011554
Bedrooms: 28
Living Area: 15,651
Lot Size: 17,640
Region: Leon

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Property Description

SHORT SALE – ALL OFFERS WILL BE CONSIDERED! Opportunity awaits at 102 S Main Street in downtown Leon! This three-story, 24-unit apartment building offers significant redevelopment and value-add potential for an investor ready to take on a substantial renovation project. Featuring a mix of studio, one-, two-, and three-bedroom apartments, four garages, and shared laundry facilities, the property offers an opportunity to restore and reposition an established downtown building. The property has experienced declining occupancy and significant deferred maintenance, including roof concerns and water damage. Substantial repairs and improvements are needed, and buyers should evaluate the property accordingly. Sold AS IS. All offers subject to seller acceptance and final lender approval. Showings by appointment only. Please do not disturb tenants.

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Additional Information

Street Name: S Main Street
Agent Id: 37907
Water: Public
Sewer: Public Sewer
Basement: Unfinished, Walk-Out Access
Foundation: Block
Garage: Yes
Roof: Rolled/Hot Mop
Zip: 50144
Region: Leon
Style: Three Story
City: Leon
Acres: 0.41
School District: Central Decatur
Zoning: Mul R