803 W Adams St, Creston, IA 50801, USA

This off-market quadplex in Creston, IA offers strong cashflow and value-add potential. The 4b/4b layout (four 1BR/1BA units totaling 2,078 sqft) was previously rented under Section 8 in as-is condition, generating $2,100–$2,600/month—well above the 1% rent rule at the current asking price. Property includes a detached two-car garage and rear bonus room. Interior updates are estimated at ~$35–40K to bring it to a nicer, livable condition. Exterior work is estimated at ~$20K, which includes a new roof. A smaller triplex directly across the street sold in May for $127K—this quad is priced well below that, with more upside.