NOT LISTED FOR SALE

475 1st St NE Primghar, IA 51245

4 Beds
4 Baths
2,637 Sq Ft
0.76 Acres

Last Sold September 01, 2023

Last sale price $160,000 $61 Per Sq Ft

51 Days on Market

Highlights

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

About This Home

As of September 2023

This 4-unit complex is a great opportunity. All four units are approximately the same size, with about 600 square feet each. There are three One-Bed units and one Two-Bed unit. Each have: Living: Carpet Kitchen/Dining: Vinyl Flooring, Laminate Countertops Bedroom1: Carpet, Closet Bedroom 2 (if applicable): Carpet, Closet Full Bathroom: Vinyl Flooring, Tub/Shower Closets for Storage There is a separate shared laundry space in the building 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 &garbage, while the landlord pays for the water, sewer & common space electric ($150/mo), lawn care & snow removal ($100/mo), and insurance ($110/mo) The rental income for each unit is as follows: Unit 1 (one bedroom): $425/mo Unit 2 (one bedroom): $450/mo Unit 3 (two bedroom): $575/mo Unit 4 (one bedroom): $500/mo Security Deposits will be included upon closing. All units are currently rented. There is off-street parking spaces for the units.

Last Agent to Sell the Property

Adam Doughan

Real Broker, LLC License #S64819 Listed on: 06/05/2023

Last Buyer's Agent

Deborah Den Hartog

Keller Williams Siouxland License #B36442

Keller Williams Siouxland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,515

Year Built

  • Built in 1975

Lot Details

  • 0.76 Acre Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • 2,637 Sq Ft Home

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Internet Available

Community Details

  • 4 Units
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 0000238750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,515

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Property Features: Level Lot, Trees
  • Legal Description: 31-96-40 BEG 957' N & 246' E OF SW COR OF 31, E 125', S 264', W 125', N 264' TO BEG
  • Year Built: 1975
  • Audio Surveillance: No
  • Current Leases Available: Yes
  • Video Surveillance: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2637
  • Main Level Sq Ft: 2637
  • Price Per Sq Ft: 60.68

Garage/Parking

  • Internet: Yes
  • Off Street Parking: 4

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: 0.76
  • Parcel Number: 0000238750
  • Zoning: Multi-Res

Rental Info

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

Tax Info

  • Year: 2021
  • Gross Taxes: 1515

Multi Family

  • Rental Income: 1950
  • Electric Separate By Unit: Yes
  • Heat Separate By Unit: Yes
  • Number Of Units: 4

Range of Values:

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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
09/01/2023 09/01/23 Sold $160,000 -5.3% $61 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $169,000 +20.7% $64 / Sq Ft
02/25/2022 02/25/22 Sold $140,000 -3.4% $27 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
11/13/2021 11/13/21 For Sale $144,900 -- $27 / Sq Ft
Source: Northwest Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 821187

Northwest Iowa Regional Board of REALTORS®