Income/Investment Properties for Sale - SE Iowa

[Jay Baker]

3 duplex properties for sale:

Property 1:

Lots of Options for this Investment Property

Property is currently a duplex with 3 bedrooms 1.5 bath downstairs, and 2bedrooms 1 bath upstairs.

Can be flipped into a large, 5-bedroom, 2.5 bath single family home, a single-family home with mother-in-law suite, or kept as two units for income. 

Taxes: $866/year

$32,000 

Property 2:

Income/Investment property for sale

Large duplex with 3 bedrooms, 1 bath on each side. Approx 1472 SqFt in each unit.

Updates to one unit done in 2018 include: Kitchen walls/ceiling/lights/lower cabinets/floors; Bath flooring/paint; Upstairs flooring in hall and bedrooms; New paint in whole unit.

Both units had new electrical stacks installed in 2018

Newer high efficiency furnaces and newer water heaters installed within the past 6 years on both sides

New metal roof installed with the last 2 years

Current rent roll is $600/unit

Taxes: $894/year

$55,000

Property 3:

Large duplex with 2 bedrooms, 1 bath on each side.Approx 1121 SqFt in each unit

Updates to one unit in 2018 include: Fully remodeled kitchen and bath (including new windows, floor, walls, ceiling, cabinets, fixtures, electrical); New living room front window

Updates to one unit in 2018 include: Fully remodeled kitchen and bath (including new windows, floor, walls, ceiling, cabinets, fixtures, electrical); New living room front window

One unit had newer furnace installed in the last 2 years

Both units had new electrical stacks installed in 2018

New back porch built in 2016

Rent roll: one side $500; one side $450

Taxes: $750/year

$45,000