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    314 Locust Street

    Waterloo, IA 50701
    • $100,000
    • STATUS: Active
    • ON SITE: 12 days
    • MLS #: 20211225
    UPDATED: 44 min ago
    $100,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,156
      SQFT
    • $19
      $/SQFT
    Type:
    Multi-Family
    Built:
    1904
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Great opportunity for investor with opportunity for an approx 26% cap rate. Current cap rate is approx 14%. Needs roof (price is appropriately priced) Great potential.

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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: 2021-04-15T17:53:29.807.

    Licensed in the State of Iowa.
    www.cedarvalleyhomesforsale.com/homes/115727624
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    314 Locust Street Waterloo, IA 50701

    • Price: $100,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 20211225
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,156
    SQFT
    $19
    $/SQFT
    1904
    Built
    County:
    Black Hawk
    Area:
    Black Hawk
    Elementary School:
    Irving Elementary
    Middle School:
    Central Intermediate
    High School:
    West High
    Property Description
    Great opportunity for investor with opportunity for an approx 26% cap rate. Current cap rate is approx 14%. Needs roof (price is appropriately priced) Great potential.
    Exterior Features

    Exterior Steel Exterior Amenities Curbs/SidewalksDeckFenced YardPatioPorch-3 SeasonPorch-EnclosedPrivacy Fence Garage Stalls 2 Garage Type Detached Lot Reg Lot Dimensions 60X140 Off Street Parking Spaces 5 Parking Assigned ParkingGarageGravelParking Area Road Frontage Hard Surface Road Roof Type Asphalt Siding Steel Stories And Style Over 2 StoriesApartments (5+ Units)

    Interior Features

    Basement Block Cooling Ceiling FanWindow Unit Heat Type Steam/Hot Water Laundry None Sq Ft Down 1107 Sq Ft Main 1781 Sq Ft Second Level 1268 Sq Ft Third Level 1000 Unit1 Baths 1 Unit1 Bedrooms 1 Unit2 Baths .75 Unit2 Bedrooms 1 Unit3 Baths 1 Unit3 Bedrooms 2 Unit4 Baths .75 Unit4 Bedrooms 1 Unit5 Baths 1 Unit5 Bedrooms 1

    Property Features

    Assessed Value 85150 Documents On File Lead Paint Disclosure Electric Separate By Unit Yes Finance Type CashConventionalInsured Conventional Flood C/X - Not in Flood Plain Fuel Type Natural Gas Gross Income 34128 Gross Income Is Projected Gross Taxes 2455 Heat Separate By Unit No Heating Expense 1284 Multifamily Type Five Or More Units Net Income 28321 Net Income Is Projected Occupied By Renter Region Waterloo South 1B Sale Type Normal Sale Sewer Type City Tenant Responsible ElectricGas Terms Of Tenancy Over 9 Months Unit1 Rent 604 Unit2 Rent 550 Unit3 Rent 675 Unit4 Rent 465 Unit5 Rent 550 Utilities Available Cable Paid By IndividualElectric in RentElec Individual MetersGarbage in RentGas in RentGas Individual MetersWater in Rent Water Separate By Unit No Water Sewer Expense 1468 Water Type City Zoning R-4

    Listing provided courtesy of Marguerite Pircer, Crs,Abr,Epro,Gri of Berkshire Hathaway Home Services One Realty Centre.


    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: 2021-04-15T17:53:29.807.

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