$126,900
$8K PRICE DROP

408 S Knapp St Unit A & B Iowa, LA 70647

Estimated payment $726/month

Total Views 1,363
-- Bed
-- Bath
1,877 Sq Ft
$68 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Neighborhood Views
  • Energy-Efficient Appliances
  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

INVESTOR SPECIAL! This updated duplex in Iowa presents an exceptional opportunity with both properties currently leased. Unit A is leased for $800/month with $150 utility reimbursement paid to the owner. Unit B is leased for $850 a month, with tenants responsible for a $150 utility reimbursement. Situated on a spacious lot, this duplex offers potential for additional units. Each side features 2 bedrooms and 1 bathroom, showcasing recent updates including a new roof, sheetrock, interior and exterior paint, cabinets, fixtures, and flooring. The AC units are just 4 years old, and new vinyl siding adorns the exterior, complemented by all-new bathrooms. Notably, there's only one meter for both units, and the city has confirmed the possibility of adding 2 mobile homes or another home behind the duplex. With flood zone AE designation, current flood insurance stands at $834.67 per year, and the seller is willing to transfer this to the new buyer if permitted by insurance regulations. The property is currently tenant-occupied, so kindly provide 24-hour notice for all showings. Don't miss this opportunity--make your offer today! Measurements are M/L

Listing Agent

Tyson Letlow

Coldwell Banker Ingle Safari R Listed on: 02/27/2025

Coldwell Banker Ingle Safari R

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $732

Year Built

  • 1970

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 90 x 180
  • Two or More Common Walls
  • Rectangular Lot
  • Back and Front Yard

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Range

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Water Heater

Additional Features

  • Energy-Efficient Appliances
  • City Lot

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Iowa Town Of West Thomson Ave Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Water Meter
  • Electric Expense $200
  • Water Sewer Expense $100
  • Operating Expense $3,600
  • Gross Income $19,800
  • Net Operating Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$732

Year Built

1970

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Reso Fencing: None
  • Lot Features: Back Yard, City Lot, Front Yard, Rectangular Lot
  • LotSizeAcres: 0.37
  • Lot Size: 90 x 180
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Is Senior Community?: No
  • SpaFeatures: None
  • View: Neighborhood
  • Has View?: No
  • Has HOA?: No
  • Co List Office Phone: 337-478-1601
  • Special Conditions: Standard
  • Subdivision Name: Iowa Town Of West Thomson Ave
  • Directions: 2Nd St Take Iowa Exit From I-10, Head South On Thomson, Cross Railroad Track, Take A Right On 2Nd Street, West 1 Block.
  • Architectural Style: Traditional
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Unit Levels: One
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • PropertySubTypeAdditional: Duplex
  • DaysOnMarketReplicationIncreasingYN: Yes
  • CurrentPrice: 126900.0
  • Special Features: VirtualTour
  • Year Built: 1970

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Appliances: Electric Oven, Electric Range, Refrigerator, Water Heater
  • Fireplace Features: None
  • Stories: 1

Exterior Features

  • Pool Features: None
  • Has Private Pool?: No
  • Common Walls: 2+ Common Walls
  • Construction Type: Vinyl Siding
  • Foundation Details: Raised
  • Property Condition: Turnkey
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Laundry Features: Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
  • Green Building Features: Appliances
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 100.0

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 0.37
  • Additional Parcels: No

Rental Info

  • Rent Control: No

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 200.0
  • Annual Gross Income: 19800.0
  • Property Net Operating Income: 16200.0
  • Annual Operating Expense: 3600.0
  • Total Actual Rent: 1650.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Water Meters: 1

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $732 $7,120 $680 $6,440
2023 $732 $7,120 $680 $6,440
2022 $485 $4,740 $680 $4,060
2021 $784 $7,320 $680 $6,640
2020 $732 $6,610 $810 $5,800
2019 $893 $7,250 $810 $6,440
2018 $886 $7,250 $810 $6,440
2017 $895 $7,250 $630 $6,620
2016 $797 $7,250 $630 $6,620
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2025 10/14/25 Price Changed $126,900 -6.0% $68 / Sq Ft
02/27/2025 02/27/25 For Sale $135,000 -- $72 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed $84,000 Landmark Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $67,200 Commercial
Source: Public Records

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL25001070

APN: 00729337

Louisiana Calcasieu Parish Iowa 70647

408 S Knapp St Unit A & B, Iowa, LA

For Sale

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Tyson Letlow
Listing Agent
Tyson Letlow
Section Image
Coldwell Banker Ingle Safari R
(337) 329-9169