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    5 S Main Street

    Fayette, IA 52142
    • $220,000
    • STATUS: Active
    • ON SITE: 121 days
    • MLS #: 20205518
    UPDATED: 26 min ago
    $220,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,048
      SQFT
    • $36
      $/SQFT
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Nice 6-unit apartment building in the college town of Fayette. The Current owner has done many updates over the past few years including new steel siding in 2015 and apartment remodels. Great income property and off-street parking right downtown Fayette.

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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: 2021-03-03T22:53:33.167.

    Licensed in the State of Iowa.
    www.cedarvalleyhomesforsale.com/homes/111529189
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    5 S Main Street Fayette, IA 52142

    • Price: $220,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 20205518
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    6,048
    SQFT
    $36
    $/SQFT
    1950
    Built
    County:
    Fayette
    Area:
    Fayette
    Elementary School:
    North Fayette
    Middle School:
    North Fayette
    High School:
    North Fayette
    Property Description
    Nice 6-unit apartment building in the college town of Fayette. The Current owner has done many updates over the past few years including new steel siding in 2015 and apartment remodels. Great income property and off-street parking right downtown Fayette.
    Exterior Features

    Exterior BrickSteel Garage Stalls 0 Garage Type None Lot Irreg Lot Description Level Lot Dimensions 1 Off Street Parking Spaces 12 Parking GravelOver 1 SpaceParking AreaPaved Road Frontage Hard Surface RoadOn Paved RoadPaved Road Frontage Roof Type FlatMembraneRubber Siding BrickMetalSteel Stories And Style 1.5 StoriesApartments (5+ Units)Split Level

    Interior Features

    Basement BlockBrickConcreteEntrance-InsideEntrance-OutsideFinished-FullyFloor Drain Cooling Wall UnitWindow Unit Heat Type Electric Laundry Dryer Hook-Up ElectricWasher Hookup Sq Ft Down 3024 Sq Ft Main 3024 Sq Ft Second Level 0 Sq Ft Third Level 0 Unit1 Bedrooms 2 Unit2 Bedrooms 3 Unit3 Bedrooms 2 Unit4 Bedrooms 2 Unit5 Bedrooms 2

    Property Features

    Assessed Value 173600 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 34200 Gross Income Is Projected Gross Taxes 4098 Heat Separate By Unit Yes Multifamily Type Five Or More Units Net Income 28882 Net Income Is Projected Occupied By Renter Operating Expense Is Projected Operating Expenses 5318 Region Outside The Metro Area Sale Type Normal Sale Sewer Type City Tenant Responsible ElectricHeatWater Terms Of Tenancy Over 9 Months Unit1 Rent 400 Unit2 Rent 625 Unit3 Rent 475 Unit4 Rent 425 Unit5 Rent 475 Utilities Available Cable Paid By IndividualGarbage in RentSeparate MetersWater Individual Meters Water Separate By Unit Yes Water Sewer Expense 0 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: 2021-03-03T22:53:33.167.

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