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$89,000 / 4br - 2078ft2 - Quadplex for Assignment – Creston, IA (Creston)
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💰 Asking Price: $89,000
🏠 Property Type: Quadplex
🛏️ 4 Beds / 4 Baths
📐 2,078 sqft
✅ Previously cleared with city inspection
✅ Rented as Section 8 housing (in as-is condition)
✅ Solid cash flow with upside potential
✅ Gross rents in current condition: $2,100–$2,600/month (beats the 1% rule)
🔧 Bonus #1: Includes a small 2-car garage—ideal for tenant parking or storage
🧩 Bonus #2: Features a separate bonus room in the back—flex space for office, studio, or additional income potential
🏡 Comp: A smaller triplex on the same street in outdated/average condition recently sold for $127,000. Further details available upon request.