Bought with Kerndt Theodore • Viking Realtors
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404 S Main Fayette, IA 52142
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Key Details
Sold Price $138,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,489 sqft
Price per Sqft $39
MLS Listing ID 20233889
Sold Date 02/09/24
Style One and Half Story
Year Built 1915
Annual Tax Amount $2,270
Lot Dimensions 75' x 120'
Property Sub-Type Fourplex
Property Description
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!
Location
State IA
County Fayette
Zoning R-4
Rooms
Basement Concrete
Interior
Heating Electric, Steam
Cooling Window Unit(s)
Fireplace N
Laundry 1st Floor
Exterior
Exterior Feature Deck-Multi-Level, Patio
Parking Features Assigned, Carport
Utilities Available Elec Individual Meters
View Y/N true
Roof Type Metal
Building
Lot Description Level
Sewer City Sewer
Water City
Structure Type Block,Vinyl Siding,Wood Siding
Schools
Elementary Schools North Fayette
Middle Schools North Fayette
High Schools North Fayette
Others
Acceptable Financing NBR20233889
Listing Terms NBR20233889
Special Listing Condition Normal Sale
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