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    106 Mechanic Street

    Fayette, IA 52142
    • $260,000
    • STATUS: Active
    • ON SITE: 124 days
    • MLS #: 20205517
    UPDATED: 32 min ago
    $260,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,410
      SQFT
    • $31
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Nice 8-unit apartment building in the college town of Fayette. The Current owner has done many updates over the past few years including 3 new one demand water heaters in 2018, new vinyl siding in 2019, new gutters in 2020 along with apartment remodels and the roof is less than 10 years old. Great income property and off-street parking.

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    Listing information © 2021 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2021-03-07T08:53:25.86.

    Licensed in the State of Iowa.
    www.cedarvalleyhomesforsale.com/homes/111535972
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    106 Mechanic Street Fayette, IA 52142

    • Price: $260,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 20205517
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    8,410
    SQFT
    $31
    $/SQFT
    1920
    Built
    County:
    Fayette
    Area:
    Fayette
    Elementary School:
    North Fayette
    Middle School:
    North Fayette
    High School:
    North Fayette
    Property Description
    Nice 8-unit apartment building in the college town of Fayette. The Current owner has done many updates over the past few years including 3 new one demand water heaters in 2018, new vinyl siding in 2019, new gutters in 2020 along with apartment remodels and the roof is less than 10 years old. Great income property and off-street parking.
    Exterior Features

    Exterior Vinyl Garage Stalls 0 Garage Type None Lot Irreg Lot Description Level Lot Dimensions 74X141 Off Street Parking Spaces 10 Parking Parking AreaParking Spaces Road Frontage Hard Surface RoadPaved Road Frontage Roof Type Asphalt Siding Vinyl Stories And Style Apartments (5+ Units)MultilevelOver 2 Stories

    Interior Features

    Basement Entrance-OutsideFloor DrainStone/Earthen Cooling Wall UnitWindow Unit Heat Type Electric Laundry 1st FloorDryer Hook-UpDryer Hook-Up ElectricHallWasher Hookup Sq Ft Down 2470 Sq Ft Main 2470 Sq Ft Second Level 2470 Sq Ft Third Level 1000 Unit1 Bedrooms 2 Unit2 Bedrooms 2 Unit3 Bedrooms 1 Unit4 Bedrooms 2 Unit5 Bedrooms 3

    Property Features

    Assessed Value 126030 Documents On File Lead Paint DisclosureSellers Disclosure Electric Separate By Unit Yes Finance Type CashConventional Flood C/X - Not in Flood Plain Fuel Type Natural Gas Gross Income 42900 Gross Income Is Projected Gross Taxes 2976 Heat Separate By Unit Yes Multifamily Type Five Or More Units Net Income 28747 Net Income Is Projected Occupied By Renter Operating Expense Is Projected Operating Expenses 14153 Region Outside The Metro Area Sale Type Normal Sale Sewer Type City Tenant Responsible Electric Terms Of Tenancy Over 9 Months Unit1 Rent 460 Unit2 Rent 460 Unit3 Rent 375 Unit4 Rent 460 Unit5 Rent 525 Utilities Available Cable Paid By IndividualElec Individual MetersGarbage in RentWater in Rent Water Separate By Unit No Water Sewer Expense 575 Water Type City Zoning M-1

    Listing provided courtesy of Nathan Trappe of Allen Real Estate Company, Llc.


    Listing information © 2021 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2021-03-07T08:53:25.86.

    Licensed in the State of Iowa.
     
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    Amy Wienands Real Estate
    1730 W. Ridgeway Avenue
    Waterloo IA, 50701