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

[Gary White]

@Jay Baker  You weren't kidding when you said SE Iowa.  That's about as far South and East as you can get and still be in the state.  LOL.  Too far for this beginning investor from Des Moines area.  Not a bad place from what I know of it though.