INVESTMENT PROPERTY This is a converted eight-unit property. Primarily college housing for Upper Iowa University. Five units are 2 bed 1 bath, two units are 1 bed 1 bath, and 1 unit is 3 bed 1 bath. Paved off-road parking available in front and back of property, along with a grass yard. Tenants are responsible for electric. Landlord is responsible for water/sewer/garbage, snow removal, and lawn maintenance. Unfinished basement available from exterior. Common area coin-operated one washer one dryer available located on lower-level. New electrical panel installed 2022. Newly remodeled unit #7 April 2022.
Off market
$190,190
106 Mechanic St, Fayette, IA 52142
15beds
5,648sqft
MultiFamily
Built in 1920
-- sqft lot
$-- Zestimate®
$34/sqft
$1,046 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Electric
Cooling
- Wall
Appliances
- Included: Dryer, Range / Oven, Refrigerator, Washer
- Laundry: 1st Floor, Dryer Hook-Up, Washer Hookup, Dryer Hook-up Electric, Hall
Features
- Flooring: Carpet, Linoleum / Vinyl
- Basement: Unfinished
Interior area
- Total interior livable area: 5,648 sqft
Property
Parking
- Total spaces: 14
- Parking features: Off-street
Features
- Exterior features: Vinyl
Lot
- Size: 10,454 sqft
Details
- Parcel number: 1128104002
- Zoning: M-1
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Concrete
- Roof: Shake / Shingle
Condition
- Year built: 1920
Community & neighborhood
Location
- Region: Fayette
Other
Other facts
- Internet: Yes
- Sale/Rent: For Sale
- Status: ACTIVE
- COOLING: Window Unit, Wall Unit
- FINANCE TYPE: Cash, Conventional
- Flood: C/X - Not in Flood Plain
- Water Type: City
- Sewer Type: City
- Fuel Type: Natural Gas
- Sale Type: Normal Sale
- Heat Separate By Unit: Yes
- Electric Separate by Unit: Yes
- SIDING: Vinyl
- STORIES/STYLE: Over 2 Stories, Apartments (5+ Units), Multilevel
- BASEMENT: Stone/Earthen, Entrance-Outside, Floor Drain
- DOCUMENTS ON FILE: Lead Paint Disclosure, Sellers Disclosure
- ROOF TYPE: Asphalt
- TENANT RESPONSIBLE: Electric
- UTILITIES AVAILABLE: Elec Individual Meters, Garbage in Rent, Water in Rent, Cable Paid by Individual
- Occupied By: Renter
- Reg/Irreg: Irreg
- TERMS OF TENANCY: Over 9 Months
- Gross Income: Projected
- Unit Stove 1: Yes
- Unit Stove 2: Yes
- Unit Refrig 1: Yes
- Unit Refrig 2: Yes
- Co-Op Comp Dual/Var Rate: Yes
- Unit Stove 3: Yes
- Unit Stove 4: Yes
- Unit Stove 5: Yes
- Unit Refrig 3: Yes
- Unit Refrig 4: Yes
- Unit Refrig 5: Yes
- How to Show: Appointment Only
- ROAD FRONTAGE: Hard Surface Road, Paved Road Frontage
- LAUNDRY: 1st Floor, Dryer Hook-Up, Washer Hookup, Dryer Hook-up Electric, Hall
- PARKING: Parking Spaces, Parking Area
- Operating Expense: Projected
- Net Income: Projected
- LOT DESCRIPTION: Level
- EXTERIOR: Vinyl
- HEAT TYPE: Electric
- Zoning: M-1
- MLS Area: Fayette
- Region: Outside the Metro Area
- LA1Agent Phone1 CountryId: United States (+1)
- LA1Agent Phone2 CountryId: United States (+1)
- LA1Agent Phone3 CountryId: United States (+1)
- LO1OfficePhone1CountryId: United States (+1)
- Transmit to Zillow: Yes
- Parcel #: 1128104002
- Legal Description: Brief legal; LOT 3 & S 18' LOT 2 & 21' ADJ ON W, BLK 23, ORIG FAYETTE