51301, IA Spencer, 1518 4th Avenue

51301 IA properties for sale in Spencer with MLS # 240960

$550,000

  • 12
  • 8
  • 4704
  • Active
Price Decreased

General Description

Presenting a fantastic property with four well-designed apartments, each featuring 3 bedrooms, 1.5 bathrooms, and an attached garage. Enjoy great views of the Spencer Municipal Golf Course and the benefit of large decks for added outdoor space. These apartments have a solid rental history, with all four currently under long-term leases, making this an attractive option for investors seeking reliable income. With each unit over 1,100 square foot, this property offers both value and potential.

Legal: 6 HARTS 2ND RES SUB (EXACT LEGAL PER ABSTRACT)
Status: Active

Property Information

240960

$550,000

Sale

Quadruplex

MULTIFAMILY

1518 4th Avenue SW

Spencer

IA

51301

12

8

4704

13000

Attached

4

4692

2022

Spencer

1977

Features

No

Utilities

No

LISTED BY

Jensen Real Estate, Matt Lippon (712.330.0604) & Jensen Real Estate, Michael Jensen (712.330.0604)

PROPERTY LOCATION

MORTGAGE CALCULATOR


Will Kretsinger - REALTOR

Will Kretsinger

REALTOR

Ask About this Property #240960

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COMMUNITY

West O Brewery

West O Brewery in West Okoboji

West O Brewery is the best place to go for your microbrews is Okoboji. All beer is made with natural spring water from West Lake Okoboji and are big partners in Keeping Okoboji Blue. You will definitely have a favorite brew with 15 tap options from ciders ranging to IPA's to stouts. Also, West O is known for its amazing Brick Oven Neapolitan pizzas!

Real Estate and MLS Homes For Sale in West Okoboji

Brooks Golf

Brooks Golf in Okoboji

Enjoy an Unparalleled Golf Experience at Brooks Golf featuring 27 holes and immaculate bent grass fairways and greens!
Nestled among the Iowa Great Lakes is Brooks Golf. Originally constructed as an 18 hole layout by Val Brooks in 1932, the course attracted many famous players such Sam Snead, Walter Hagen, and Babe Didrikson Zaharias for exhibition matches and hosted the Iowa Open. In more recent times, Brooks has hosted the Iowa PGA Section Championship and the Barb Thomas Pro-Am.
Always known for its beauty and excellent course conditions, Brooks has matured into an excellent parkland layout for Midwest vacationers. In 1995, Brooks began an expansion to 27 holes, thus beginning one of the most aggressive improvement projects for golf in Northwest Iowa. Brooks Golf blends masterful design with superb playing conditions featuring bent grass fairways and greens. We welcome you to play and enjoy your stay in Okoboji.

Real Estate and MLS Homes For Sale in Okoboji

O'Farrell Sisters

O'Farrell Sisters in Okoboji

The O'Farrell Sister is a historic Okoboji Tradition that one must check out for breakfast and lunch!

'Farrell Sisters History
The O'Farrell Sisters restaurant was born in 1949 at the bridge on Hwy 71, between East and West Lake Okoboji. Edna Mae and Arlene O'Farrell bought the business from Ike Kissinger who was running for Sheriff of Dickinson County.

In the early years the girls were open seven days a week and had a booming business in no time. The fried chicken dinners on Sunday evenings were especially popular. There were times when the line waiting to get in was so long they'd have to lock the door and would often run out of chicken!

In 1959 Arlene married and moved to Tallahassee, Florida with her husband Furman Henderson. Edna Mae and Ferne continued in the restaurant, moving to its present location that same year. This spot had a garden and chicken coup, which was moved to the house across the street.

Ferne died in 1974 and Edna Mae in 1978. Arlene sold the business to nieces Joyce Gapinski, Jo Ann Anderson, Charlotte Sarvie and Cheri Petersen (these are married names). The nieces successfully ran the restaurant from 1979 through 2003. After losing Jo Ann in 1997 and Cheri in 2002, Joyce and Charlotte decided to sell after the 2003 season.

The rest is to be continued...

Real Estate and MLS Homes For Sale in Okoboji

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