NOT LISTED FOR SALE

112 7th Ave SE Independence, IA 50644

8 Beds
4 Baths
3,888 Sq Ft
0.31 Acres

Last Sold October 09, 2020

Last sale price $167,500 $43 Per Sq Ft

167 Days on Market

Highlights

  • Laundry Room
  • Baseboard Heating
  • Heating System Uses Steam
  • 1-Story Property
  • Garage

About This Home

As of October 2020

If you've been looking for a turn key investment property, this is it! This fourplex also has covered parking and coin op laundry machines for additional income. Each unit is a 2 bed, 1 bath home. Landlord pays water, sewer, lawn/snow, and heat. Properrty has been very well cared for and has long term tenants.

Last Agent to Sell the Property

Tyler Rasmussen

EPM, Iowa License #B63386000 Listed on: 03/14/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1998

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 165x83

Home Design

  • Quadruplex
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,888 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • Garage
  • 2 Open Parking Spaces

Schools

  • Independence Elementary And Middle School
  • Independence High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Steam

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up
  • Assessor Parcel Number 1003154004

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $63
  • Water Sewer Expense $178
  • Gross Income $25,745

Property Details

Home Type

Multi-Family

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Parcel Number: 1003154004
  • Year Built: 1998
  • Property Sub-Type: Fourplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor, Laundry Room
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 319-560-3543
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3888
  • Architectural Style: One Story, Quadruplex
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 2
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Baseboard, Steam
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 178

Schools

  • Elementary School: Independence
  • High School: Independence
  • Middle Or Junior School: Independence

Lot Info

  • Zoning: C-1
  • Lot Dimensions: 165x83
  • Lot Size Sq Ft: 13695
  • Additional Parcels: No

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up
  • Lease Term: Over 9 Months

Multi Family

  • Gross Income: 25745
  • Number Of Units Total: 4
  • Electric Expense: 63

Tax Info

  • Tax Annual Amount: 4608

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $167,500 -9.5% $43 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
05/28/2020 05/28/20 Price Changed $185,000 -5.1% $48 / Sq Ft
03/14/2020 03/14/20 For Sale $195,000 -- $50 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Rasmussen

    Seller's Agent in 2020

    Tyler Rasmussen

    EPM, Iowa

    (319) 560-3543

    19 in this area

    51 Total Sales

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20201231

Northeast Iowa Regional Board of REALTORS®

Iowa Buchanan County Independence 50644

112 7th Ave SE, Independence, IA

This home is located at 112 7th Ave SE, Independence, IA 50644 since 14 March 2020. This property was built in 1998. 112 7th Ave SE is a home located in Buchanan County with nearby schools including West Elementary School, East Elementary School, and Independence Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Iowa Regional Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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