NOT LISTED FOR SALE

1207 Meadow Ln Waterloo, IA 50701

-- Bed
-- Bath
2,392 Sq Ft
0.5 Acres

Last Sold August 30, 2024

Last sale price $500,000 $209 Per Sq Ft

10 Days on Market

About This Home

As of August 2024

Opportunity Awaits! This well-maintained 8-plex is perfect for starting or expanding your real estate portfolio. Featuring eight 1-bed, 1-bath units, with common area washer/dryer and detached garages. The property's prime location makes it an attractive option for tenants, ensuring strong rental potential. With over $55,000 in gross income, this turnkey property offers steady cash flow and potential appreciation. Don't miss this chance to own a quality multi-family complex.

Last Agent to Sell the Property

Phillip Shirk

AWRE - Commercial & Development License #B63101000 Listed on: 07/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,312

Year Built

  • Built in 1974

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 120x181x110x80x158

Home Design

  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 2,392 Sq Ft Home
  • Crawl Space

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Parking

  • 7 Open Parking Spaces
  • Parking Available
  • Parking Garage Space

Schools

  • Lou Henry Elementary School
  • Hoover Intermediate
  • West High School

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • Assessor Parcel Number 881305228043

Community Details

Overview

  • 8 Units

Building Details

  • Water Sewer Expense $2,904
  • Gross Income $55,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,312

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Parcel Number: 881305228043
  • Year Built: 1974
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor, Dryer Hookup-Gas, Washer Hookup
  • Co List Office Phone: 319-269-2477
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2392
  • Reso Roof: Membrane
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 7
  • Parking Features: Parking Garage, Parking Space, Detached

Utilities

  • Cooling: Central Air
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 2904

Schools

  • Elementary School: Lou Henry
  • High School: West High
  • Middle Or Junior School: Hoover Intermediate

Lot Info

  • Zoning: R-4
  • Lot Dimensions: 120x181x110x80x158
  • Lot Size Sq Ft: 21720

Rental Info

  • Tenant Pays: Electricity, Gas, Heat
  • Lease Term: Other

Multi Family

  • Gross Income: 55380
  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 7312

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
08/30/2024 08/30/24 Sold $500,000 -4.8% $209 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $525,000 0.0% $219 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $525,000 +50.0% $219 / Sq Ft
07/20/2018 07/20/18 Sold $350,000 0.0% $146 / Sq Ft
06/05/2018 06/05/18 Off Market $350,000 -- --
05/31/2018 05/31/18 For Sale $350,000 -- $146 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Phillip Shirk

    Seller's Agent in 2024

    Phillip Shirk

    AWRE - Commercial & Development

    (319) 239-4446

    98 Total Sales

    Phillip Shirk
    Section Image

  • T

    Seller's Agent in 2018

    Tyler Michaelsen

    Fischels Commercial Group

    (319) 404-5933

    6 Total Sales

    Tyler Michaelsen
    Section Image
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20242961

Northeast Iowa Regional Board of REALTORS®
Iowa Black Hawk County Waterloo 50701

1207 Meadow Ln, Waterloo, IA

This home is located at 1207 Meadow Ln, Waterloo, IA 50701 since 10 July 2024. This property was built in 1974. 1207 Meadow Ln is a home located in Black Hawk County with nearby schools including Lou Henry Elementary School, Hoover Middle School, and West 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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