1047 Langley Rd Waterloo, IA 50702
Hurst NeighborhoodHighlights
- 2.92 Acre Lot
- Central Air
- Garage
About This Home
As of August 2024Great investment opportunity! Come see what this amazing opportunity has to offer with almost a block of multi-unit rental buildings. This awesome package includes four twelve plex buildings with a total of 48 units! Also offered are 48 off street parking spaces, along with 48 garage stalls. All building and garages are side-by-side featuring new roofing and siding,more than half of the furnaces and AC units have been recently replaced,along with the common area remodels. When entering a unit you're welcomed by the open living space, either offering wood style flooring or carpet depending on the unit. The naturally lit living room flows nicely into the cozy kitchen and dine-in area featuring ample cabinetry and counter space. Throughout the rest of the unit you’ll have either a single bedroom or two bedroom layout with one full bathroom. Other features include both front and rear entrances, hall laundry, and extended driveways. Located near many different shops, parks and schools! This is an incredible investment opportunity you don’t want to miss!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $48,254
Year Built
- Built in 1976
Home Design
- 47,122 Sq Ft Home
- Slab Foundation
- Asphalt Roof
- Rubber Roof
- Vinyl Siding
Parking
- Garage
- 48 Open Parking Spaces
- Parking Available
Schools
- Kittrell Elementary School
- Hoover Intermediate
- West High School
Additional Features
- Laundry in Hall
- 2.92 Acre Lot
- Central Air
Community Details
- 48 Units
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 8912
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/31/2024 08/31/24 | Sold | $2,736,000 | +250.8% | $232 / Sq Ft |
| 08/02/2024 08/02/24 | Pending | -- | -- | -- |
| 06/05/2024 06/05/24 | For Sale | $780,000 | -68.2% | $66 / Sq Ft |
| 08/27/2021 08/27/21 | Sold | $2,450,000 | -2.0% | $52 / Sq Ft |
| 03/25/2021 03/25/21 | Pending | -- | -- | -- |
| 03/23/2021 03/23/21 | For Sale | $2,500,000 | +4.2% | $53 / Sq Ft |
| 06/06/2017 06/06/17 | Sold | $2,400,000 | +14.3% | $51 / Sq Ft |
| 03/24/2017 03/24/17 | Pending | -- | -- | -- |
| 02/07/2017 02/07/17 | For Sale | $2,100,000 | -- | $45 / Sq Ft |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,232 | $61,650 | $3,170 | $58,480 |
| 2023 | $2,044 | $61,650 | $3,170 | $58,480 |
| 2022 | $1,154 | $53,950 | $3,510 | $50,440 |
| 2021 | $1,222 | $53,950 | $3,510 | $50,440 |
| 2020 | $1,202 | $53,950 | $3,510 | $50,440 |
| 2019 | $1,202 | $53,950 | $3,510 | $50,440 |
| 2018 | $1,108 | $49,740 | $3,510 | $46,230 |
| 2017 | $1,046 | $49,740 | $3,510 | $46,230 |
| 2016 | $1,034 | $45,540 | $3,510 | $42,030 |
| 2015 | $1,034 | $45,540 | $3,510 | $42,030 |
| 2014 | $1,052 | $45,540 | $3,510 | $42,030 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $2,188,800 | Credit Line Revolving | |
| Closed | $1,920,000 | Purchase Money Mortgage |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20170596
APN: 8813-02-151-114
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