Fayette, IA 52142,404 S Main
Fayette, IA 52142,404 S Main
Fayette, IA 52142,404 S Main
25
Listed by Theodore Kerndt • Viking Realtors
Bought with Kerndt Theodore • Viking Realtors
$138,000
$174,900
21.1%
Est.Price: ?

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3,489 SqFt

404 S Main Fayette, IA 52142

Est. payment /mo
SOLD DATE : 02/09/2024

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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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agent

Seth Hickman

License ID: 69207000

+1(319) 240-9511

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