INVESTOR ALERT! 2 FOR 1 CASH FLOW PROPERTY!! This turnkey investment property offers not one, but two rental houses plus a detached garage. The two homes have previously been rented for $1100 and $700 each, and both are freshly painted and cleaned ready for you to place the tenants of your choosing. Each house is separately metered for gas, electricity and water so tenants can pay their own utilities. With minimal owner expenses, and great financial projections, this investment property offers an excellent return with an estimated CAP rate of 10.36%!!!
Sold for $140,000 on 03/28/23
$140,000
405 N 16th St, Council Bluffs, IA 51501
--beds
1,584sqft
Multi Family
Built in 1920
-- sqft lot
$179,000 Zestimate®
$88/sqft
$1,172 Estimated rent
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What's special
Zillow last checked: 7 hours ago
Listing updated: August 31, 2024 at 03:18pm
Listed by:
Mark Hanwright,
20060210204436317691000000
Bought with:
Clinton Brunow
20060210204436317691000000
Source: SWIAR,MLS#: 23-84
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Refrigerator, Cooktop
- Laundry: W/D Hookups
Features
- Flooring: Carpet
Interior area
- Total structure area: 1,584
- Total interior livable area: 1,584 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 - 3
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Private Entrance
- Fencing: Fenced
Lot
- Size: 5,720 sqft
- Dimensions: 44 x 130
Details
- Parcel number: 7544 26 414 006
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1920
Community & neighborhood
Location
- Region: Council Bluffs
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$179,000
2% more+ $3,580
With Zillow Showcase(estimated)
$182,580