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27033835
30858957

3906 E Main St., Knoxville, IA 50138

BC
FL BK3021689
Carter Property Group LLC
Listed by Carter Property Group LLC
Unpriced
261 days on market
Updated 37 days ago

Wacko's Building

Details
Property Type Hospitality, Multifamily
Sub Type Apartment Building
Units 9
Cap Rate 9.00%
Broker Co-Op Yes
Sale Condition For sale by owner

Great Opportunity

Marketing description

***INCLUDED IN SALE***

  • Fully equipped turnkey Restaurant w/outdoor deck (100+ seats)
  • 6 Apartments 100% occupied
  • 2/2 Owners Living Quarters (Occupy or rent)
  • Condo on Maderia Beach, Fl. (Rent or use)
  • 2.25 Acres - Room to expand
  • Investor or Owner Operator
  • Possible Owner Financing
  • GPI of nearly $10k/month

This very unique real estate investment opportunity in Iowa and Florida combines a lifestyle of leisure and income generation, featuring a fully equipped restaurant, an owner's quarters above it, a beachfront condo, and six income-generating apartments. Enjoy seasonal living, with summers spent in the serene community of Iowa and winters basking in the sun on the Florida coast. The restaurant can host up to 140 guests, offering indoor and outdoor dining options ideal for entertainment and culinary events. Meanwhile, the stunning studio condo on Madeira Beach provides incredible ocean views, adding to your enjoyment of the locations. This package presents an exceptional chance to live, work, play, and secure steady income from a diverse investment portfolio.

OM - https://drive.google.com/file/d/1kL6r4PPKaI9cRJG2cypw4pD_oE6RbJhE/view?usp=sharing

Investment highlights

Prime Real Estate Investment Opportunity: Live, Work, Play, w/Income!

Are you ready to transform your lifestyle while securing a lucrative investment? This exceptional offering presents an unmatched opportunity to embrace the best of both worlds: life in the tranquil landscapes of scenic Iowa and the sun-soaked beaches of Florida, all while generating a steady income stream. This unique real estate investment is perfectly tailored for those who envision a lifestyle that seamlessly integrates living, working, playing, and earning.

A Dual Lifestyle Experience

Imagine spending your summers in a picturesque Iowa community, where you can immerse yourself in both work and relaxation. This area is known for its friendly neighbors, rich cultural events, and abundant outdoor activities. Whether you enjoy hiking, biking, or simply unwinding in a peaceful environment, this region provides the ideal backdrop for a balanced and fulfilling lifestyle.

As the seasons change and winter approaches, escape to your stunning beachfront condo in Florida. Here, the golden sands, warm sunshine, and ocean views create a coastal paradise. This luxurious getaway in Madeira Beach offers breathtaking sunsets and a refreshing atmosphere, allowing you to recharge and find inspiration to bring back to your ventures.

A Multifaceted Investment Portfolio

The investment opportunity extends beyond these beautiful locations; it encompasses a multifaceted portfolio designed for maximum profitability. At the heart of this offering is a fully equipped restaurant, complemented by a beautifully remodeled two-bedroom, two-bath owner’s apartment located directly above. This setup is ideal for a busy restaurant owner, allowing you to reside just steps away from your business operations.

The restaurant itself features a spacious and welcoming environment, accommodating indoor seating for 40 guests while offering outdoor arrangements for an additional 100 patrons. This dynamic space is not only perfect for intimate dining experiences but also for hosting larger gatherings and entertainment events. With a dedicated entertainment area, you can envision live performances, themed nights, and culinary showcases that captivate audiences and foster a loyal clientele.

Included in this impressive portfolio are six income-generating apartments. These well-maintained units provide a reliable and consistent rental income throughout the year. They are suitable for long-term tenants or short-term vacation rentals, enhancing your investment profile and allowing you to enjoy the best of both worlds. Thanks to low vacancy rates and a robust rental market, you can be confident that your apartments will contribute to your income, even when you’re exploring new adventures in Iowa or Florida.

Eventful Living and Leisure

In addition to the restaurant and income-generating apartments, the included studio condo in Madeira Beach offers a retreat where you can unwind and enjoy coastal living. Located on the 11th floor, this fully furnished space provides spectacular views of the Intracoastal Waterways and the Gulf of Mexico. Each evening, you can indulge in the mesmerizing sunsets that this remarkable location offers, creating unforgettable moments as you relax in your beautiful home away from home. Easy to rent when your not there.

With frequent non-stop and affordable flights, long weekend getaways are easy, making it simple to escape the hustle and bustle of everyday life and immerse yourself in both inspiring environments.

Conclusion

This prime real estate investment opportunity not only allows you to live a vibrant lifestyle filled with diverse experiences, but it also offers a smart financial decision through its well-rounded investment portfolio. By combining residential, restaurant, and rental income elements, this package provides an incredible chance to secure your financial future while enjoying the best of what Iowa and Florida have to offer. Seize this opportunity to live, work, play, and earn—all in one remarkable investment!

OM - https://drive.google.com/file/d/1kL6r4PPKaI9cRJG2cypw4pD_oE6RbJhE/view?usp=sharing

Listing Contacts

BC
FL BK3021689
Carter Property Group LLC
Listed by Carter Property Group LLC

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