102 S Main Street, Leon, IA 50144

$250,000

SHORT SALE – ALL OFFERS WILL BE CONSIDERED! Opportunity awaits at 102 S Main Street in downtown Leon! This three-story, 24-unit apartment building offers significant redevelopment and value-add potential for an investor ready to take on a substantial renovation project. Featuring a mix of studio, one-, two-, and three-bedroom apartments, four garages, and shared laundry facilities, the property offers an opportunity to restore and reposition an established downtown building. The property has experienced declining occupancy and significant deferred maintenance, including roof concerns and water damage. Substantial repairs and improvements are needed, and buyers should evaluate the property accordingly. Sold AS IS. All offers subject to seller acceptance and final lender approval. Showings by appointment only. Please do not disturb tenants.

Legal: OT S 64' LOT 1 THRU 3 & ALL LOTS 10 THRU 12, BLK. 5 (APARTMENT S) OT S 64' LOT 1 THRU 3 & ALL LOTS 10 THRU 12, BLK. 5 (APARTMENT S)