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Sold for $210,000 on 07/26/24
  • $210,000

    309 E Main St, Decorah, IA 52101

    --beds
    --baths
    2,664sqft
    Quadruplex
    Built in 1890
    -- sqft lot
    $215,500 Zestimate®
    $79/sqft
    $865 Estimated rent

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    $865/mo

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    $865/mo

    Rent Zestimate®

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    $1,297/mo

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    $1,297/mo

    Est. payment

    What's special

    Invest in income producing assets! This 4 plex is an excellent opportunity to reap the rewards of capital accumulation with relatively low risk. Great location one a corner lot only blocks from downtown. Unit 1: 2 bedroom $634/month, 16 year resident with 1 car detached garage. Unit 2: recently updates, vacant, advertised at $750/month Unit 3: recent updates, vacant, advertised at $750/month Unit 4: Studio/1 bedroom, long term resident, $535/month Landlord pays gas, water, sewer, garbage, each apartment electric is metered separately. Updated gas boiler heat. Coin opp laundry in the basement. Annual PRI $32,028. For the price of single family homes in Decorah, this is a bargain. Excellent opportunity to start out building wealth by living in one of the apartments while the mortgage is paid for by the other rent income. 24 hour notice and financial commitment letter required prior to showings. Some 3rd party sites may not get your inquiry request through to the correct agent, reach out to an agent directly for more information. Call today for a consultation on how to make this work for you!

    Zillow last checked: 8 hours ago

    Listing updated: June 29, 2024 at 04:01am

    Listed by:

    John Sweeney, Ccim 563-568-4170,

    Sweeney Real Estate

    Bought with:

    Stacie S Cooper, B40405000

    Sweeney Real Estate

    Source: Northeast Iowa Regional BOR,MLS#: 20241353MLS Logo

    Facts & features

    Interior

    Heating
    • Steam
    Cooling
    • None
    Appliances
    • Laundry: Lower Level
    Features
    • Basement: Stone/Rock
    Interior area
    • Total structure area: 2,664
    • Total interior livable area: 2,664 sqft
    • Finished area above ground: 1,332
    • Finished area below ground: 616

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage, Parking Pad, Detached
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Patio & porch: Deck
    Lot
    • Size: 8,276 sqft
    • Dimensions: 68x123
    Details
    • Parcel number: 111531200300
    • Zoning: R-3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Vinyl Siding
    • Roof: Asphalt
    Condition
    • Year built: 1890

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Paid by Individual, Elec Individual Meters, Water - Multiple Meters

    Community & neighborhood

    Location
    • Region: Decorah

    Other

    Other facts
    • Road surface type: Hard Surface Road