Welcome to an exceptional investment prospect that promises immediate returns but also boundless potential for the future. This remarkable property features two duplex units, each approximately 1,332 square feet of living space. 2 bedrooms and 1 bathroom per unit, kitchen in each unit with appliances that stay, and in-floor heating throughout. Enjoy the comfort of single-level living, providing convenience and accessibility for all residents, making this property ideal for a diverse range of renters. Each unit comes with an attached 2-car garage providing ample storage space. Take in the picturesque surroundings and peaceful vibes as you step onto your own private deck. The property sits on an expansive 1.48-acre lot, providing plenty of room for outdoor activities, gardening, or even future expansion. The property has been thoughtfully updated with a new roof in 2023, ensuring a solid and worry-free investment for years to come. Conveniently located, this property offers a perfect balance of tranquility and accessibility. With beautiful views of the surroundings, residents can relish the serenity while being within easy reach of amenities. Both units have a waiting list of potential renters, underscoring the demand for housing in this coveted location. With steady income streams, you can start reaping the benefits from day one. This property has great income opportunity, with potential to expand and build additional units on the spacious lot, multiplying your investment.
Sold for $350,000 on 05/10/24
$350,000
701 1st St, Lynnville, IA 50153
4beds
2,664sqft
Duplex, Multi Family
Built in 2001
-- sqft lot
$361,400 Zestimate®
$131/sqft
$1,065 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: May 14, 2024 at 06:37am
Listed by:
Heather Engbers 641-780-6321,
Iowa Realty Newton
Bought with:
Heather Engbers
Iowa Realty Newton
Source: DMMLS,MLS#: 685018
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 4
Heating
- Electric, Radiant
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
- Laundry: Main Level
Interior area
- Total structure area: 2,664
- Total interior livable area: 2,664 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached, Garage
- Attached garage spaces: 4
Features
- Patio & porch: Deck
- Exterior features: Deck
Lot
- Size: 1.48 Acres
Details
- Parcel number: 2011126006
- Zoning: R
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 2001
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lynnville
Other
Other facts
- Listing terms: Cash,Conventional,FHA