NOT LISTED FOR SALE

211 S Green St Madrid, IA 50156

-- Bed
1 Bath
6,660 Sq Ft
0.32 Acres

Last Sold December 15, 2020

Last sale price $330,000 $50 Per Sq Ft

61 Days on Market

Highlights

  • 8 Kitchens
  • Laundry Room
  • Carpet
  • No HOA
  • Baseboard Heating

About This Home

As of December 2020

Over 7% cap rate on this stable 8 unit brick apartment building in the heart of Madrid. Large units of 800/SF, 2 bed/1 bath. New roof coming soon thanks to Derecho. Unit 1 is vacant for showings. All others can be shown during the due diligence period. Please refer to documents attached for proforma. Some newer appliances, flooring, some newer HVAC.

Last Agent to Sell the Property

Nancy Marion

RE/MAX Concepts-Ames Listed on: 10/15/2020

RE/MAX Concepts-Ames

Last Buyer's Agent

Carol Kohles

RE/MAX Precision

RE/MAX Precision

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,435

Year Built

  • Built in 1970

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 159x93

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1 Full Bathroom
  • 6,660 Sq Ft Home
  • 2-Story Property
  • 8 Kitchens
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 088225312286075

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $2,237
  • Gross Income $4,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,435

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 50.60
  • Sp Amt Sq Ft: 49.55
  • Termite: Follow Showing Instructions
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 8
  • Stoves Total: 8
  • Interior Amenities: Carpeting, Vinyl Floors
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Slab
  • Kitchens: 8
  • Laundry: Yes
  • Storage: No
  • Living Area Sq Ft: 6660
  • Total Sq Ft: 6660

Exterior Features

  • Exterior: Brick
  • Foundation: Poured
  • Paved: Yes
  • Sidewalk: Y

Utilities

  • Air Conditioner: Window Unit
  • Heat: Electric Baseboard

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Fee Information

  • Total Expense: 2237

Schools

  • School District: Madrid

Lot Info

  • Lot S F: 13950
  • Lot Size: 159x93
  • Assessor Parcel Number: 088225312286075
  • Zoning: L-mul

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Landlord, Misc Exp Landlord, Water Landlord

Tax Info

  • Gross Taxes: 7435.00
  • Net Taxes: 7436.00

Multi Family

  • Total Units: 8

MLS Schools

  • School District: Madrid

Range of Values:

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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
12/15/2020 12/15/20 Sold $330,000 -2.1% $50 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $337,000 +14.2% $51 / Sq Ft
04/02/2018 04/02/18 Sold $295,000 -1.7% $89 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $300,000 +25.5% $90 / Sq Ft
05/31/2013 05/31/13 Sold $239,000 -7.7% --
05/31/2013 05/31/13 Pending -- -- --
12/14/2012 12/14/12 For Sale $259,000 -- --
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nancy Marion

    Seller's Agent in 2020

    Nancy Marion

    RE/MAX

    (515) 291-6359

    1 in this area

    148 Total Sales

    Section Image

  • C

    Buyer's Agent in 2020

    Carol Kohles

    RE/MAX

    Section Image
  • Justin Roberts

    Seller's Agent in 2018

    Justin Roberts

    RE/MAX

    (515) 577-2877

    66 Total Sales

    Section Image

  • B

    Buyer's Agent in 2018

    Benjamin Watt

    Keller Williams Realty GDM

    Section Image

  • S

    Seller's Agent in 2013

    Steven Roberts

    RE/MAX

  • George Archer

    Buyer's Agent in 2013

    George Archer

    RE/MAX

    (515) 208-5068

    112 Total Sales

    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 616097

Des Moines Area Association of REALTORS®

APN: 088225312286075

Iowa Boone County Madrid 50156

211 S Green St, Madrid, IA

This home is located at 211 S Green St, Madrid, IA 50156 since 15 October 2020. This property was built in 1970. 211 S Green St is a home located in Boone County with nearby schools including Madrid Elementary School and Madrid 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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