Income/Investment Properties for Sale - SE Iowa
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