307 1st St NW Elkader, IA 52043

Investment alert! This property has loads of potential for income generation with three units with private entrances and plenty of off-street parking. Ask to see the extensive list of improvements. New owners can rent out all three spaces or pick one to live in. 1) Main floor 1 bed / 1 bath studio fully updated 2) Large upstairs 1 bed / 1 bath apartment 3) Two story 2 bed / 2 bath with new kitchen, classic parlor, and main floor home office or gathering space. In total there are 4 bedrooms and 4 full baths. All kitchen and laundry appliances are included. All units have separately metered electricity. This is a prime location near the school and downtown. The unfinished loft area and garage provide extra storage. Stunning architectural elements like french doors, transoms, fireplaces and built-ins can be found throughout the home. There is potential to include some furnishings for a turnkey BnB. Note: The doorway between the upstairs 1 bed / 1 bath unit and the 2 story 2 bed/ 2 bath unit is currently open to show how the property can be 2 units vs 3 units. The doorway will be closed upon request of the buyer.