NOT LISTED FOR SALE

1202 N Railroad St Sumner, IA 50674

-- Bed
-- Bath
3,336 Sq Ft
0.6 Acres

Last Sold March 22, 2019

Last sale price $330,000 $99 Per Sq Ft

4 Days on Market

Highlights

  • Patio
  • Landscaped with Trees
  • Garage
  • Laundry Room
  • Ceiling Fan
  • Privacy Fence

About This Home

As of March 2019

Looking for a great investment property here it is in Sumner IA. This 8 unit was built by the former owner of the local lumber yard and he has decided to fully retire. Each unit has a kitchen with appliances, spacious living room, 2 bedrooms & 1 bath. The laundry is coin operated with 1 washer & 2 dryers in the lower level. This apartment building grounds and units have always been well maintained & updated with great rental history. One unit is not occupied at present to allow for showings. The longest tenant has been there for over 18 years. Each unit rents for $440 month and includes the heat and 1 stall garage space. The tenants pay for all their own utilities except for the heat. The roof has steel shingles that were done in 2011, all 8 garage doors were replaced in the last couple of years, and updates to flooring, counter tops and appliances in most units. There are 2 lots available to the east for sale if you would want. This is a great investment opportunity so call soon.

Last Agent to Sell the Property

Connie Rochford

Town & Country Real Estate License #B36487000 Listed on: 02/05/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,648

Year Built

  • Built in 1978

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 166' x 164' x 158'
  • Privacy Fence
  • Landscaped with Trees
  • Additional Parcels

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Crawl Space

Laundry

  • Laundry Room
  • Laundry on lower level

Parking

  • Garage
  • 8 Open Parking Spaces

Outdoor Features

  • Patio

Schools

  • Sumner Elementary School
  • Fredricksburg Middle School
  • Sumner High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, trash collection, water
  • Assessor Parcel Number 0424152002

Community Details

Overview

  • 8 Units
  • Built by E & M Lumber Company

Building Details

  • Water Sewer Expense $540
  • Gross Income $42,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,648

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Parcel Number: 0424152002
  • Year Built: 1978
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Laundry Room, Lower Level
  • Lot Size Acres: 0.6
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 563-578-8899
  • MLS Status: Closed
  • Architectural Style: Two Story, Apartments (5+ Units), Multilevel
  • Reso Roof: Metal
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Below Grade Sq Ft: 1668

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Patio, Fence Privacy, Trees
  • Siding: Permanent Siding,Vinyl

Garage/Parking

  • Open Parking Spaces: 8
  • Parking Features: Detached, Garage, Paved

Utilities

  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Gas, Radiant
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Gas in Rent, Separate Meters, Water - Multiple Meters
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 540

Schools

  • Elementary School: Sumner
  • High School: Sumner
  • Middle Or Junior School: Fredricksburg

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 166' x 164' x 158'
  • Lot Size Sq Ft: 26070
  • Additional Parcels: Yes

Building Info

  • Builder Name: E & M Lumber Company

Rental Info

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

Multi Family

  • Gross Income: 42240
  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 4648

Range of Values:

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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
03/22/2019 03/22/19 Sold $330,000 0.0% $99 / Sq Ft
02/10/2019 02/10/19 Off Market $330,000 -- --
02/05/2019 02/05/19 For Sale $330,000 -- $99 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20190553

Northeast Iowa Regional Board of REALTORS®