NOT LISTED FOR SALE

5 S Main St Fayette, IA 52142

-- Bed
-- Bath
3,024 Sq Ft
0.46 Acres

Last Sold July 01, 2021

Last sale price $220,000 $73 Per Sq Ft

181 Days on Market

About This Home

As of July 2021

Nice 6-unit apartment building in the college town of Fayette. The Current owner has done many updates over the past few years including new steel siding in 2015 and apartment remodels. Great income property and off-street parking right downtown Fayette.

Last Listed By

Nathan Trappe

Allen Real Estate Company, LLC License #B561100 Listed on: 10/31/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,098

Year Built

  • Built in 1950

Lot Details

  • 0.46 Acre Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Foundation
  • Block Foundation
  • Membrane Roofing
  • Rubber Roof
  • Steel Siding

Interior Spaces

  • 1.5-Story Property
  • Washer and Electric Dryer Hookup

Finished Basement

  • Brick Basement
  • Interior and Exterior Basement Entry

Parking

  • 12 Open Parking Spaces
  • No Garage
  • Over 1 Space Per Unit
  • Parking Available
  • Paved Parking

Schools

  • North Fayette Elementary And Middle School
  • North Fayette High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, heat, water
  • Assessor Parcel Number 1128103002

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $5,318
  • Gross Income $34,200
  • Net Operating Income $28,882

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,098

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Parcel Number: 1128103002
  • Year Built: 1950
  • Property Sub-Type: Multi-Family 5+
  • ResoLaundryFeatures: Dryer Hookup-Ele, Washer Hookup
  • ResoLotFeatures: Level
  • Lot Size Acres: 0.46
  • Road Frontage Type: Hard Surface Road, Paved Road, Paved Streets
  • Co List Office Mls Id: NBR420
  • Co List Office Phone: 563-539-4136
  • Co List Office Phone: 563-539-4136
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3024
  • Architectural Style: One and Half Story, Apartments (5+ Units), Split Level
  • Reso Roof: Flat, Membrane, Rubber
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Brick/Mortar, Concrete, Entrance-Inside, Entrance-Outside, Floor Drain, Finished
  • Below Grade Sq Ft: 3024

Exterior Features

  • Construction Type: Brick, Steel
  • Siding: Brick,Metal,Steel

Garage/Parking

  • Open Parking Spaces: 12
  • Parking Features: None, Gravel, Over 1 Space, Parking Area, Paved

Utilities

  • Cooling: Wall Unit(s), Window Unit(s)
  • Heating: Electric
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Garbage in Rent, Separate Meters, Water - Multiple Meters
  • Water Source: City

Schools

  • Elementary School: North Fayette
  • High School: North Fayette
  • Middle Or Junior School: North Fayette

Lot Info

  • Zoning: M-1
  • Lot Dimensions: 1
  • Lot Size Sq Ft: 20038

Rental Info

  • Tenant Pays: Electricity, Heat, Water
  • Lease Term: Over 9 Months

Multi Family

  • Gross Income: 34200
  • Operating Expense: 5318
  • Number Of Units Total: 6
  • Net Operating Income: 28882

Tax Info

  • Tax Annual Amount: 4098

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
07/01/2021 07/01/21 Sold $220,000 0.0% $73 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
10/31/2020 10/31/20 For Sale $220,000 -- $73 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nathan Trappe

    Seller's Agent in 2021

    Nathan Trappe

    Allen Real Estate Company, LLC

    (563) 880-2222

    261 Total Sales

    Nathan Trappe
    Section Image

  • H

    Seller Co-Listing Agent in 2021

    Heath Landt

    Allen Real Estate Company, LLC

    (563) 880-3333

    Section Image
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20205518

Northeast Iowa Regional Board of REALTORS®

APN: 000001128103002

Iowa Fayette County Fayette 52142

5 S Main St, Fayette, IA

Homes for Sale in Fayette, IA

This home is located at 5 S Main St, Fayette, IA 52142 since 31 October 2020. This property was built in 1950. 5 S Main St is a home located in Fayette County with nearby schools including North Fayette Valley Middle School and North Fayette Valley H. 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.

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