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802 5th Durant, IA 52747 Commercial - Business Active

New - 5 Hours Ago
  • 802 5th, Durant, IA 52747 Main Photo

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Description

Well Restored Historic Building on a corner lot in Durant with a 10 space parking lot. The main level currently has one commercial occupant with a triple net lease and the 2nd level has Two 1 Bedrooms apartments. Lease income: $27,000 less 1/2 Property Tax of $3,468 , less 1/2 Insurance of $2,500, less $800 annual common area electricity. Net Income: $23,216. Utilities are separated, apartment leases are month to month and commercial lease is good trough 10/01/2027. This is an excellent investment opportunity that is meticulously kept with good rental history. The main level has 2 separate entrances and could house another business

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1890

General Information

County: Cedar
Listed By:
FIRST CHOICE REAL ESTATE (563) 732-2600
Muscatine MLS
$250,000
Est. $1,631/mo
New to the Market Active
SQUARE FEET3,600 MLS#26-222
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors
563.441.1776

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802 5th, Durant, IA 52747.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $250,000$250,000$250,000
Down Payment $50,000$8,750$62,500
Monthly Mortgage Amount $1,183$1,472$1,520
Taxes $348$348$348
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$110$0
Monthly Estimated Total $1,631$2,030$1,968

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About this area

Iowa/Durant
Durant

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Find homes for sale in Durant, Iowa and learn about the local community and real estate market.

With a beautiful downtown and all the amenities you need in one place, there are plenty of reasons to move to Durant,
Iowa. With a population of 1,832, according to the 2010 Census, Durant has all the small town feels, with all the big
city services: Grocery stores, medical clinics, k-12 schools, and more.

No matter your reason for moving, Ruhl&Ruhl Realtors has real estate options and homes for sale in Durant, Iowa.
Continue browsing this page to see all houses for sale in Durant, Iowa. Durant, IA is located in the Iowa Quad Cities
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