Take a look at this excellent investment opportunity near downtown Fayette! With a cap rate of over 14%, this would be great for your investment portfolio! This fully occupied 4-unit residential property features 2 buildings with 2 units each. Newer steel roof, separate utilities and off street parking make it easy for tenants. The main level has been updated with refinished hardwood floors and replacement windows in all units. Seller has two other duplexes for sale that can also be added to make this a great deal - 300 Jones MLS #20233891 and 507 King MLS#20233890. Call for more information today!
Sold for $138,000 on 02/09/24
$138,000
404 S Main St, Fayette, IA 52142
--beds
--baths
3,489sqft
Quadruplex
Built in 1915
-- sqft lot
$161,600 Zestimate®
$40/sqft
$821 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 05, 2024 at 01:17pm
Listed by:
Theodore A Kerndt 563-380-1415,
Viking Realtors
Bought with:
Theodore A Kerndt, B38984000
Viking Realtors
Source: Northeast Iowa Regional BOR,MLS#: 20233889
Facts & features
Interior
Heating
- Electric, Steam
Cooling
- Window Unit(s)
Appliances
- Laundry: 1st Floor
Features
- Basement: Concrete
Interior area
- Total structure area: 3,489
- Total interior livable area: 3,489 sqft
- Finished area above ground: 2,638
- Finished area below ground: 1,216
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Carport
- Uncovered spaces: 8
Features
- Levels: One and One Half
- Patio & porch: Deck-Multi-Level, Patio
Lot
- Size: 9,000 sqft
- Dimensions: 75' x 120'
- Features: Level
Details
- Parcel number: 1128166005
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Block, Vinyl Siding, Wood Siding
- Roof: Metal
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Elec Individual Meters
Community & neighborhood
Location
- Region: Fayette
Other
Other facts
- Road surface type: Hard Surface Road