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101 S Water Street Cambridge, IA 50046
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Key Details
Sold Price $267,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,625 sqft
Price per Sqft $73
MLS Listing ID 704244
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 2002
Annual Tax Amount $3,500
Tax Year 2026
Lot Size 8,049 Sqft
Property Description
Barndominium Living Meets Small-Town Charm
Discover the rare combination of barndominium-style living right in the heart of a close-knit town, where everyone knows your name, but stays out of your business. This unique property offers two spacious, updated apartments—ideal for flexible living or rental income.
On the first floor, you'll find a bright and airy one-bedroom, one-bath apartment with plenty of natural light and the convenience of in-unit laundry, including a washer and dryer. The second-floor apartment boasts two bedrooms plus a versatile bonus room (perfect as a non-conforming bedroom or office), along with a modern bathroom. Washer dryer hookups are available. Both units are move-in ready, featuring contemporary kitchens equipped with stoves, microwaves, refrigerators, and dishwashers.
Commercial buyers, car enthusiasts and hobbyists will love the garage space! A two-car tandem garage is complemented by a massive two-story workshop/garage/warehouse that can accommodate 6-8 cars or 6 trucks. There's even an unfinished half-bath in the workshop's utility room.
This property's zoning for both residential and commercial use offers endless opportunities. With no existing leases, you're free to rent out both apartments or live in one while renting the other. Whether you're looking for a unique home or an investment with income potential, this property offers it all.
Location
State IA
County Story
Area Cambridge
Zoning Mixed
Interior
Heating Forced Air, Gas, Natural Gas
Cooling Central Air
Laundry Main Level, Upper Level
Exterior
Parking Features Attached, Garage
Garage Spaces 4.0
Garage Description 4.0
Roof Type Metal
Building
Lot Description Rectangular Lot
Foundation See Remarks
Sewer Public Sewer
Water Public
Schools
School District Ballard
Others
Monthly Total Fees $291
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Agency Iowa
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