NOT LISTED FOR SALE

2131 N 2nd St Clinton, IA 52732

Estimated Value: $71,981 - $100,000

5 Beds
3 Baths
3,056 Sq Ft
$28/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $54,500 $18 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $566/month

146 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 5-minute walk to Four Square Park

About This Home

As of August 2020

Schedule a tour today + buy the property right away = start earning very steady rental income! This property is in great condition and ready to create a revenue stream for you. Wonderful and charming unique aspects of this home keep this 120 year old home a destination for rental income. Oversized rooms, high ceilings, wonderful and unique woodwork create a place that people will want to live & provide income for you! This triplex unit is ready to go! When full, it generates $20,400 of annual income! Need at least 24 hours advance notice for showing requests. This property is one of several for sale by the same owner - ask about bundling multiple properties together! All measurements are approx. & to be verified by buyer & buyer Realtor

Last Agent to Sell the Property

Dennis Lauver

Coldwell Banker Howes & Jefferies REALTORS License #B63532000/475.165634 Listed on: 02/05/2020

Coldwell Banker Howes & Jefferies REALTORS

Last Buyer's Agent

Dennis Lauver

Coldwell Banker Howes & Jefferies REALTORS License #B63532000/475.165634 Listed on: 02/05/2020

Coldwell Banker Howes & Jefferies REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Vinyl Siding

Schools

  • Eagle Heights Elementary School
  • Clinton Middle School
  • Clinton High School

Utilities

  • Forced Air Heating System

Community Details

Overview

  • Lyons Subdivision

Building Details

  • Fuel Expense $1,386
  • Insurance Expense $1,169
  • Maintenance Expense $4,800
  • Water Sewer Expense $2,394
  • Gross Income $20,400
  • Net Operating Income $7,473

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: Lyons
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LYONS, TOWN OF BGN NW COR OF LOT 7 TH E 106' TH S 40.37' TH SW 28.26' TH W 41' TH S 22' TH W 45' N 8
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Vinyl Siding
  • Lot Features: Corner Lot, Level

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 2394

Schools

  • Elementary School: Eagle Heights
  • High School: Clinton High
  • Middle/Junior School: Clinton

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 7726
  • Zoning: Resid

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: 7473
  • Fuel Expense: 1386
  • Insurance Expense: 1169
  • GrossIncome: 20400
  • Maintenance Expense: 4800

Tax Info

  • Tax Annual Amount: 2758
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2011
Sold by
Nation Holdings Llc
Bought by
J Rock Properties Llc
Current Estimated Value
$86,245
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
J Rock Properties Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2020 08/10/20 Sold $54,500 -7.6% $18 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $59,000 -- $19 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,356 $74,870 $21,240 $53,630
2024 $1,338 $72,880 $16,560 $56,320
2023 $1,900 $72,880 $16,560 $56,320
2022 $2,002 $77,770 $13,870 $63,900
2021 $2,497 $77,770 $13,870 $63,900
2019 $2,636 $83,940 $0 $0
2018 $2,843 $83,940 $0 $0
2017 $2,902 $83,940 $0 $0
2016 $3,006 $83,940 $0 $0
2015 $3,006 $83,940 $0 $0
2014 $3,144 $83,940 $0 $0
2013 $3,352 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4209164

Midwest Real Estate Data (MRED)

APN: 86-1700-5000

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