Estimated payment $767/month
Highlights
- Traditional Architecture
- Neighborhood Views
- Central Heating and Cooling System
- No HOA
- Laundry Room
- Ceiling Fan
About This Home
INVESTOR SPECIAL! This updated duplex in Iowa presents an exceptional opportunity with both properties currently leased. Unit A is leased for $800/month with $150 utility reimbursement paid to the owner. Unit B is leased for $850 a month, with tenants responsible for a $150 utility reimbursement. Situated on a spacious lot, this duplex offers potential for additional units. Each side features 2 bedrooms and 1 bathroom, showcasing recent updates including a new roof, sheetrock, interior and exterior paint, cabinets, fixtures, and flooring. The AC units are just 4 years old, and new vinyl siding adorns the exterior, complemented by all-new bathrooms. Notably, there's only one meter for both units, and the city has confirmed the possibility of adding 2 mobile homes or another home behind the duplex. With flood zone AE designation, current flood insurance stands at $834.67 per year, and the seller is willing to transfer this to the new buyer if permitted by insurance regulations. The property is currently tenant-occupied, so kindly provide 24-hour notice for all showings. Don't miss this opportunity—make your offer today! Measurements are M/L
Listing Agent
Coldwell Banker Ingle Safari Realty License #995712481 Listed on: 02/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $732
Year Built
- Built in 1970
Lot Details
- 0.37 Acre Lot
- Lot Dimensions are 90 x 180
- Two or More Common Walls
- Rectangular Lot
- Back and Front Yard
Home Design
- Duplex
- Traditional Architecture
- Turnkey
- Raised Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Neighborhood Views
Kitchen
- Electric Oven
- Electric Range
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Parking
- Parking Available
- Driveway
Utilities
- Central Heating and Cooling System
- Water Heater
Listing and Financial Details
- Assessor Parcel Number 00729337
Community Details
Overview
- No Home Owners Association
- 2 Units
- 1,877 Sq Ft Building
- Iowa Town Of West Thomson Ave Subdivision
Amenities
- Laundry Facilities
Building Details
- 1 Separate Electric Meter
- 1 Separate Water Meter
- Gross Income $19,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $732 | $7,120 | $680 | $6,440 |
| 2023 | $732 | $7,120 | $680 | $6,440 |
| 2022 | $485 | $4,740 | $680 | $4,060 |
| 2021 | $784 | $7,320 | $680 | $6,640 |
| 2020 | $732 | $6,610 | $810 | $5,800 |
| 2019 | $893 | $7,250 | $810 | $6,440 |
| 2018 | $886 | $7,250 | $810 | $6,440 |
| 2017 | $895 | $7,250 | $630 | $6,620 |
| 2016 | $797 | $7,250 | $630 | $6,620 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/06/2025 05/06/25 | Price Changed | $129,000 | -4.4% | -- |
| 02/27/2025 02/27/25 | For Sale | $135,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $84,000 | Landmark Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $67,200 | Commercial | |
| Closed | $67,200 | Commercial |
Source: Greater Southern MLS
MLS Number: SWL25001070
APN: 00729337
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