606 Hooper Street, Melbourne, IA
Others for Sale - $239,900 - 2,912 Sq. Ft.
Agent Info
| Kristin Polley CENTURY 21 Signature Real Estate |
Property Info
| CIMLS# | 1184814 |
| Location 606 Hooper Street Melbourne IA 50162 | |
| Updated | December 2nd, 2025 |
| Type | Others |
| Price | $239,900 |
| Building | 2,912 Sq. Ft. |
Property Description
Investor alert! 606 Hopper Street is a completely occupied and priced-to-sell 4-plex in Melbourne, generating over $32,000 in annual income with a strong 9% CAP rate. Each of the four units features 2 bedrooms and 1 bathroom, offering steady demand and reliable rental performance. The property boasts newer siding and a newer roof, minimizing future maintenance costs and adding long-term value. Tenants enjoy the convenience of a coin-operated laundry, and each unit comes fully equipped with a refrigerator and range, ensuring immediate rental readiness. With solid cash flow, consistent occupancy, and key updates already completed, this multifamily property is a standout opportunity. Sold AS-IS, presenting exceptional value for investors looking to expand their portfolio or secure dependable passive income.

