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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

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    $1,065/mo

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    $1,065/mo

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    $1,894/mo

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    $1,894/mo

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    What's special

    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.

    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#: 685018MLS Logo

    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