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515 Main Street Iowa Falls, IA 50126 Multi Unit - Multiple

New - 4 Hours Ago
  • 515 Main Street, Iowa Falls, IA 50126 Main Photo

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Description

This is a great investment opportunity for someone wanting to venture into the rental space or someone who is experienced. This property features three rental units. The first unit is a two story large two bedroom, one bath that features hardwood floors and fireplace. The second unit is a one bedroom, one bathroom that features a large bay window and hardwood floors, recent updates include new stove, new bathroom flooring, toilet and updated bathtub. The third unit is on the second level and is a recently remodeled one bedroom, one bath. The basement area has great potential to be turned back into a fourth unit, currently has plumbing for a kitchen, has a bathroom/shower and could be another two bedroom unit. The basement also features a laundry room for the entire building. The building does have a shared driveway with the neighbors through an easement. The building currently has a property manager that is willing to stay on with the property if the new owner would like. The units in this building do not stay empty for long and is a great income opportunity for anyone! Come see your new investment today!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 2,860
County: Hardin
Listed By:
Ferris Real Estate 641-648-4040
No Coast MLS
$102,000
Est. $731/mo
2,860sqft
New to the Market Active
BEDS0 BATHS0 SQUARE FEET2,860 MLS#6337893
STATUS PROPERTY TYPEMulti Unit - Multiple

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For Details, Contact

Ruhl&Ruhl Realtors
563.441.1776

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515 Main Street, Iowa Falls, IA 50126.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $102,000$102,000$102,000
Down Payment $20,400$3,570$25,500
Monthly Mortgage Amount $489$600$625
Taxes $142$142$142
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$45$0
Monthly Estimated Total $731$887$867

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