543 Mill Street, Council Bluffs, IA

$550,000

Description

Don't miss out on this prime investment opportunity in Council Bluffs! A fully renovated 6-plex is up for grabs, featuring brand-new electrical, plumbing, and HVAC systems. The modern yet charming interior is designed to attract both style-conscious tenants and savvy investors. With a fresh water line added, ownership is hassle-free. Positioned in the heart of downtown growth, this property aligns perfectly with Council Bluffs' vibrant future. Plus, there's a management company discount for those opting to stick with the current agency and complete with coin-operated laundry for added tenant convenience. Act fast to secure this 6-plex for a blend of equity potential and hassle-free living. Agent has equity.

Beds: 2
Baths: 1
MLS ID: 22407086
Type: Multi-Family
Style: N/A
Year Built: 1900

Details

Main Floor: N/A
Second Floor: N/A
Third Floor: N/A
Cooling: N/A
Heat: N/A
Basement: N/A
Basement Type: N/A
Basement Sq ft: N/A
Appliances Included: N/A
Lot Size: 100 x 50
Acres: N/A
Exterior Features: N/A
Fence: N/A
Garage Type: None
Garage Spaces: 0

Other

Status: ACTIVE
School District: Council Bluffs
Brokered By: Real Broker NE, LLC
Utilities:
Tax Year: 2022
Taxes: $1416

Mortgage Calculator Help

You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

If you know the mortgage amount you can afford and the cash down payment percentage required, you can calculate the affordable real estate price.

Or if you know the price of the real estate and the loan amout and enter "0" for the down payment percentage, the calculator will calculate the down payment amount and percentage.

Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years

120 months = 10 years

180 months = 15 years

240 months = 20 years

360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

543 Mill Street, Council Bluffs, IA

$550,000

Description

Details

Other

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