NOT LISTED FOR SALE

122 E Jefferson St Winterset, IA 50273

-- Bed
6 Baths
-- Sq Ft
1997 Built

Last Sold September 24, 2021

Last sale price $384,850

43 Days on Market

Highlights

  • 6 Kitchens
  • Laundry Room
  • Forced Air Heating and Cooling System
  • No HOA
  • Storage
  • 1-minute walk to Monument Park

About This Home

As of September 2021

Attention income property investors! If you have been looking for the perfect property to add to your existing portfolio or if you are a beginning investor looking to start investing in multi-family real estate, this is the ideal property for you. This property contains six units: four 2 BR and two 1 BR, with a gross annual revenue of $38,625 as of 12/31/20. The property has a number of tenants who have been residents for many years. There is potential for increased revenue generation for the units with the current market. The property is professionally managed by an outside property management company for a turnkey ownership experience. One could also self-manage the property to realize a higher cap rate and income potential. The property was built in 1997 and has been well maintained to minimize future potential maintenance costs. The location is extremely desirable, situated about one block off of the Winterset square with easy access of all the area's major amenities and services.

Last Agent to Sell the Property

Shawn Nigg

Platinum Realty LLC Listed on: 07/20/2021

Last Buyer's Agent

Matt Klein

RE/MAX Concepts

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,840

Year Built

  • Built in 1997

Lot Details

  • 5,808 Sq Ft Lot
  • Lot Dimensions are 88 x 66

Parking

  • Driveway

Home Design

  • Block Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 2-Story Property
  • Storage
  • Laundry Room
  • 6 Kitchens
  • Finished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 6 Units
  • D&H Services Association

Listing and Financial Details

  • Assessor Parcel Number 828000117012100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,840

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 6
  • Stoves Total: 6
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • First Floor Full Bathrooms: 2
  • Second Floor Full Bathrooms: 4
  • Basement Description: Finished
  • Kitchens: 6
  • Laundry: Yes
  • Storage: Yes

Exterior Features

  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Sidewalk: 1
  • Street Feature: Asphalt

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Electric Baseboard, Gas Forced Air
  • Separate Meters: 1

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Association/Amenities

  • Management Firm: D&H Services

Schools

  • School District: Winterset

Lot Info

  • Lot S F: 5808
  • Lot Size: 88 X 66
  • Assessor Parcel Number: 828000117012100
  • Zoning: DC

Rental Info

  • Deposit: Yes
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Owner, Electric Tenant, Gas Tenant, Insurance Landlord, Misc Exp Landlord, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 8840.00
  • Net Taxes: 8840.00
  • Tax Year: 2019

Multi Family

  • Total Units: 6

MLS Schools

  • School District: Winterset

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
09/24/2021 09/24/21 Sold $384,850 +2.6% --
09/01/2021 09/01/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $375,000 -- --
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shawn Nigg

    Seller's Agent in 2021

    Shawn Nigg

    Platinum Realty LLC

    (515) 419-2760

    11 in this area

    40 Total Sales

    Shawn Nigg
    Section Image
  • Matt Klein

    Buyer's Agent in 2021

    Matt Klein

    RE/MAX

    (515) 978-1411

    1 in this area

    357 Total Sales

    Matt Klein
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 633856

Des Moines Area Association of REALTORS®

Iowa Madison County Winterset 50273

122 E Jefferson St, Winterset, IA

This home is located at 122 E Jefferson St, Winterset, IA 50273 since 20 July 2021. This property was built in 1997. 122 E Jefferson St is a home located in Madison County with nearby schools including Winterset Elementary School, Winterset Middle School, and Winterset Junior 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.

Des Moines Area Association 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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