113 3rd Street

Description

Check this opportunity out! 2 Story, 7 bedroom boarding home in Newell. 3 City lots. There is a nice 2-car heated(heater needs connected) garage 24x28 with a concrete floor, garage door opener, and alley access. Most woodwork is original. Seller has done many improvements /repairs. Located on Main street. Currently, most all rooms are rented. Current rent income as of 6-12-23 are $3768.00 (this can change day to day). The rent includes all utilities and furnished apartments. There is a high demand for furnished apartments in the area. An on-site manager lives in one of the upper-level units and would be willing to stay as manager if the buyer is interested. The seller has kept one bedroom for himself but could be rented for additional income. The main level laundry is open for tenants to use as available. The main level features a kitchen, dining, laundry room, living room, 3 bedrooms, 1 1/2 baths, and a back porch. Upper level includes 4 bedrooms 1 shared bath. There is a newer furnace (approx. 9 yrs old. ) this furnace serves the main level. 2nd level has a wall furnace only but there are a few portable heaters if needed. The water heater is approx. 50 gal (2020)located in the laundry area. Electrical appears to have been updated in many areas and several electrical panels.