$200,000
SOLD APR 21, 2017

311 E Main St Zearing, IA 50278

-- Bed
-- Bath
-- Sq Ft
2 Acres

Recently Sold

9% Below List Price

10 Days on Market

About This Home

As of April 2017

Total of 8 units - Two 4-plex buildings on slab. Six 1 BR, Two 2 BR units. New roof on S. unit. Fully leased w/ cap rate of 10.8%. More lucrative 2017 Pro Forma: Gross income potential $45,420 & operating expenses to go down due to correction in water metering/bill from city of Zearing by about $2k per year. Est. operating expenses 2017 - $17,400. Possibility of splitting off 1 acre for sale/build

Last Agent to Sell the Property

Lloyd Flanders

RE/MAX REAL ESTATE CENTER License #S58137

RE/MAX REAL ESTATE CENTER

Last Buyer's Agent

Sandy Perisho

Friedrich Iowa Realty

Map

Property Details

Home Type

Multi-Family

Year Built

1981

Lot Details

0

Listing Details

  • Property Sub Type: Eight Plex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 2.0
  • Lot Size: -
  • Architectural Style: 1 Story
  • Garage Yn: No
  • Year Built: 1981
  • Annual Expenses: 19325.0
  • Income Expenses Net Income: 23780.0
  • Special Features: None

Interior Features

  • Has Basement: None
  • Flooring: Vinyl, Carpet
  • Basement:None3: Yes

Exterior Features

  • Construction Type: Wood
  • Foundation Details: Slab

Garage/Parking

  • Keywords:Garage Capacity3: None
  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: 11 - 20 Spaces

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Colo-Nesco

Lot Info

  • Lot Size Sq Ft: 113469.0
  • Parcel #: 0421285120
  • Zoning: R
  • ResoLotSizeUnits: Acres

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 43105.0
  • Property Net Operating Income: 23780.0
  • Annual Operating Expense: 19325.0

Tax Info

  • Tax Annual Amount: 2356.03

Range of Values:

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Average Value
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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
04/21/2017 04/21/17 Sold $200,000 -9.0% --
03/12/2017 03/12/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $219,900 +60.5% --
10/31/2013 10/31/13 Sold $137,000 -8.1% --
09/12/2013 09/12/13 Pending -- -- --
04/16/2012 04/16/12 For Sale $149,000 -- --
Source: Central Iowa Board of REALTORS®

Source: Central Iowa Board of REALTORS®

MLS Number: 46560

APN: 04-21-285-130

Iowa Story County Zearing 50278

311 E Main St, Zearing, IA

Homes for Sale in Zearing, IA

This home is located at 311 E Main St, Zearing, IA 50278 and is currently priced at $200,000. This property was built in 1981. 311 E Main St is a home located in Story County with nearby schools including Colo-NESCO Senior High School.

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