Discover a lucrative investment opportunity with this 32-unit property in Waterloo. Ideal for investors seeking a stable income stream, this well-maintained complex offers spacious two-bedroom, one-bathroom units with full basements. 32 Rental Units: Solid history of 95%+ occupancy Two-Bedroom, One-Bathroom Units: Comfortable and practical layouts. Full Basements: Additional storage space for tenants. Tenant Responsibilities: Electric, water, gas, and sewer bills, ensuring efficient cost management. Landlord Responsibilities: Trash, lawn care, and snow removal, providing added convenience for tenants. This prime location offers easy access to local amenities, schools, hospitals, and transportation. Don't miss out on this exceptional investment opportunity. Contact us today to schedule a viewing!
For sale
Price cut: $40K (3/10)
$1,650,000
211 Madison St, Waterloo, IA 50703
--beds
--baths
1,224sqft
Est.:
Acreage
Built in 1950
-- sqft lot
$-- Zestimate®
$1,348/sqft
$-- HOA
What's special
Full basementsComfortable and practical layoutsSpacious two-bedroom
- 252 days
- on Zillow |
- 275 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: March 28, 2025 at 02:27am
Listed by:
Tyler Rasmussen 319-560-3543,
EPM, Iowa
Source: Northeast Iowa Regional BOR,MLS#: 20244370
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Laundry: Lower Level
Features
- Basement: Block,Exterior Entry
Interior area
- Total structure area: 1,224
- Total interior livable area: 1,224 sqft
- Finished area above ground: 408
- Finished area below ground: 408
Property
Parking
- Total spaces: 32
- Parking features: Parking Space, None
- Uncovered spaces: 32
Features
- Levels: Two
Lot
- Size: 1.53 Acres
- Dimensions: 145 x 460
- Features: Corner Lot
Details
- Parcel number: 891230126012
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Acreage
Materials
- Synthetic Stucco
- Roof: Rubber
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Elec Individual Meters, Gas Individual Meters, Water - Multiple Meters
Community & HOA
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $1,348/sqft
- Tax assessed value: $1,608,490
- Annual tax amount: $32,163
- Date on market: 9/30/2024
- Lease term: Over 9 Months
- Tenant pays: Electricity, Gas, Heat, Water
- Road surface type: Hard Surface Road
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