NOT LISTED FOR SALE

510 E Washington St Centerville, IA 52544

-- Bed
-- Bath
-- Sq Ft
40,075 Sq Ft Lot

Last Sold December 01, 2017

Last sale price $225,000

212 Days on Market

Highlights

  • 0.92 Acre Lot
  • Carpet
  • 4-minute walk to Centerville City Park
  • Wood Siding

About This Home

As of December 2017

Owners are selling this 8 plex apartment at 510 E Washington. Owners also have a 4 plex apartment building available for sale too. These properties have been meticulously maintained and enjoy a 100% occupancy rate, which is unheard of in the industry. There has been a consistent income on these properties (income statements available upon request) and relief is continuing thru 2022 with the new multi-residential tax rollback. With a host of improvements and upgrades, coupled with this tax rollback, it can only equate to stronger income in the future. If you're looking for a solid local investment, you could be the next owner/investor of either of these 2 great properties.

Last Agent to Sell the Property

John Arnold

Iowa Realty South Lakes Listed on: 04/26/2017

Iowa Realty South Lakes

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1967

Lot Details

  • 0.92

Home Design

  • Wood Siding

Parking

  • 8 Car Garage
  • Carport

Additional Features

  • Carpet
  • 0.92 Acre Lot
  • Heat Pump System

Community Details

  • Insurance Expense $1
  • Gross Income $1

Property Details

Home Type

Apartment

Year Built

Built in 1967

Lot Details

0.92 Acres

Listing Details

  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: Actual legal to come from deed Parcel # 340011002860000
  • Municipality: Centerville
  • Year Built: 1967
  • Stories: 2 Stories
  • Inspections: Self Inspected
  • OFFICELIST_ADDRESS: 510 E Washington
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2017-04-26
  • List Office I D: 710
  • M L Number Foreign: SEIA20165447
  • Sales Office I D: 710
  • Selling Agent: 2335
  • Share Listings With: CoreLogic Listing License, Realtor.com, Homes.com, Broker Reciprocity, RPR Listing License
  • Building Style: Apartment
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room

Exterior Features

  • Exterior: Other, Wood
  • Road Frontage: Other

Garage/Parking

  • Description: Carport

Utilities

  • Garage Stalls: 8
  • Heating: Heat Pump

Condo/Co-op/Association

  • Common Features: Carpets, Security Deposit, Drapes/Curtains, Extra Storage

Fee Information

  • Annual Expense: 0.96
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Acres: 0.92
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 39,988sf or .918 acres
  • Lot Size Sq Ft: 40075.2
  • Lot Size Units: Acres
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Rental License: No

Multi Family

  • Expense Insurance: 0.96
  • Tenant Expenses: Electricity
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

MLS Schools

  • School District: 1071 - Centerville
  • School District Name: Centerville
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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 List to Sale Price per Sq Ft
12/01/2017 12/01/17 Sold $225,000 -53.6% --
11/24/2017 11/24/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $485,000 -- --
Source: NoCoast MLS

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
2025 $5,492 $359,220 $27,540 $331,680
2024 $5,492 $244,210 $27,540 $216,670
2023 $5,426 $244,210 $27,540 $216,670
2022 $5,748 $208,090 $27,540 $180,550
2021 $5,748 $206,980 $27,540 $179,440
2020 $6,796 $206,980 $27,540 $179,440
2019 $7,416 $206,980 $0 $0
2018 $7,700 $206,980 $0 $0
2017 $799,600 $206,980 $0 $0
2016 $8,100 $206,980 $0 $0
2015 $8,100 $202,510 $0 $0
2014 $9,358 $202,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5428404

NoCoast MLS
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