NOT LISTED FOR SALE

255 5th St NE Primghar, IA 51245

11 Beds
10 Baths
6,699 Sq Ft
0.8 Acres

Last Sold May 31, 2022

Last sale price $395,000 $59 Per Sq Ft

78 Days on Market

Highlights

  • Landscaped with Trees
  • Coin Laundry
  • Level Lot
  • Baseboard Heating

About This Home

As of May 2022

10-Unit Property.  Ranch Style.  Great Investment Opportunity. This 10-unit complex is a great opportunity.  All ten units are approximately the same size, with about 600 square feet each.  The layout of each unit is also very similar… Living: 16x11, Carpet, Entry Closet (Houses Water Heater) Kitchen: 8x7, LVP or Vinyl, Laminate Countertops Dining: 9x9, Carpet, Light Fixture, includes Fridge & Stove Bedroom 1: 12x12, Carpet, Double Closet, Ceiling Fan Bedroom 2: 12×11, Carpet, Closet Full Bathroom: 7×8, LVP or Vinyl, Tub/Shower, Vent, Linen Closet Unit 2 is a two-bedroom unit. Common Room in Building 1: could be turned into Unit 11.  21x19.  Plumbed for a sink.  Includes 3/4 Bath (8x6) There is a separate shared laundry space in the building 1 that contains a coin-operated washer/dryer.  These machines are leased with a company who maintains them and repairs them as well as collects the coins (lease is transferable). The tenants pay for their own electricity. Owner pays for Utilities: $170/mo (garbage, water/sewer, and common space electric) Insurance: $265/mo Taxes: $3644/yr Lawn/Snow Removal: $225/mo Rent Roll: $4350 (plus an additional $450/mo if the community room is turned into Unit 11) There are two different on-site parking pads available for the tenants.

Last Listed By

Adam Doughan

Real Broker, LLC License #S64819 Listed on: 03/14/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,644

Year Built

  • Built in 1977

Lot Details

  • 0.8 Acre Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • Driveway

Home Design

  • 6,699 Sq Ft Home

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • 10 Units
  • Coin Laundry
  • Gross Income $4,350

Listing and Financial Details

  • Assessor Parcel Number 0000199200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,644

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Property Features: Level Lot, Trees
  • Legal Description: BROCK & STEARN'S ADD LOTS 6-7-8-9 & N1/2 OF VACATED ALLEY ON S BLK 20
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 6699
  • Main Level Sq Ft: 6699
  • Price Per Sq Ft: 58.96

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: 10

Utilities

  • Air Conditioning Type: Window Unit
  • Fuel Type: Electric
  • Heat Type: Baseboard
  • Sewer Type: City
  • Water Type: City
  • Coin Operated Laundry: Yes

Lot Info

  • Acres: 0.8
  • Parcel Number: 0000199200
  • Zoning: Multi-Fam

Rental Info

  • Paid By Electric: Tenant
  • Paid By Gas: Owner
  • Paid By Water: Owner

Tax Info

  • Gross Taxes: 3644

Multi Family

  • Rental Income: 4350
  • Electric Separate By Unit: Yes
  • Gross Income: 4350
  • Heat Separate By Unit: Yes
  • Number Of Units: 10

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
05/31/2022 05/31/22 Sold $395,000 -16.0% $59 / Sq Ft
03/14/2022 03/14/22 For Sale $470,000 -- $70 / Sq Ft
Source: Northwest Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adam Doughan

    Seller's Agent in 2022

    Adam Doughan

    Real Broker, LLC

    (712) 441-6097

    263 Total Sales

    Adam Doughan
    Section Image

  • O

    Buyer's Agent in 2022

    Other Other

    Other

    (712) 255-8810

    880 Total Sales

    Other Other
    Section Image
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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 816461

Northwest Iowa Regional Board of REALTORS®

APN: 0000199200

Iowa Obrien County Primghar 51245

255 5th St NE, Primghar, IA

Homes for Sale in Primghar, IA

This home is located at 255 5th St NE, Primghar, IA 51245 since 14 March 2022. This property was built in 1977. 255 5th St NE is a home located in O'Brien County with nearby schools including South O'Brien Elementary School and South O'Brien Secondary 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.

Northwest Iowa Regional Board of REALTORS® Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.