204 8th, Iowa

Description

Calling Investors & Landlords! Opportunity awaits at 204 N 8th St, Oskaloosa, IA 52577, a spacious 4-bedroom, 2.5-bath home providing over 2,300 sq ft of living space. Located just 1 mile from William Penn University, this property presents a strong opportunity for student housing. The home is tenant occupied by college students through the end of May, with an ideal closing date of June 1, following tenant lease expiration. The current rental income is $1,200/month, with market rents in the area averaging upwards of $1,500/month. The property is livable but could benefit from updating throughout to reach its full potential.Parking is available via a rear driveway, and all appliances will remain.This is a value-add opportunity for investors looking to renovate, reposition, and maximize rental income in a college-driven market.

Directions: From William Penn University, head west on Trueblood Ave, turn right onto N Market St, then turn left onto A Ave E and continue to N 8th St; turn right onto N 8th St, and it will be a short distance ahead.