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!
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
Owner options
What's special
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#: 20241353
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