NOT LISTED FOR SALE

513 Cedar St Tipton, IA 52772

-- Bed
-- Bath
2,800 Sq Ft
9,583 Sq Ft Lot

Last Sold August 05, 2021

Last sale price $230,000 $82 Per Sq Ft

882 Days on Market

About This Home

As of August 2021

MAJOR PRICE REDUCTION. Excellent Investment Property in Down town Tipton. Building only for sale. 2 successful business tenants already in place. Upstairs apartments are rented. One office space is rented. Building just remodeled with Retail & office space for lease in varying sizes. Room for another upstairs apartment & a rear storage space is also available for rent. All apartment appliances are owned by the property. New HVAC thoughtout the building. Some units have separate utilities & some are included. Common area restroom. 2000 sq. ft. retail space is $4.00 p/sq ft and could be split for two or another large office. Other Office space is available for lease at $2.25 p/sq. ft. Commission paid on minimum of 1 year lease up to 5 year lease. There are two 500 sq ft and one 1,000 sq ft apartments upstairs. Roof was just redone recently also. Gym business is in 515 Cedar Street and all the rest is in 513 Cedar Street. Upstairs is taxed as residential for Multi Family.

Last Agent to Sell the Property

Jeff Wallick

Keller Williams Legacy Group License #S61249000 Listed on: 01/17/2019

Keller Williams Legacy Group

Last Buyer's Agent

Jeff Wallick

Keller Williams Legacy Group License #S61249000 Listed on: 01/17/2019

Keller Williams Legacy Group

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,746

Year Built

  • Built in 1904

Lot Details

  • 9,583

Utilities

  • Central Air
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for insurance, trash, gas, electric, heating, cooling, water/sewer, tenant pays
  • The owner pays for real estate taxes, insurance, structural maintenance, common area, common area maintenance, owner pays

Property Details

Property Type

Other

Est. Annual Taxes

$2,746

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Multi-Family, Office, Retail
  • Year Built: 1904
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Common Hallway: Yes
  • Flooring: Carpeted, Wood
  • Other Access: None
  • Total Building Sq Ft: 9940
  • Estimated Lot Sq Ft: 70 x 142

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Paved 2Lane, Inside Lot, City Street
  • Insulation: Party Walls, Roof, Side Walls
  • Roof Construction: Tar/Gravel, Membrane
  • Wall Construction: Frame

Utilities

  • Cooling: Central Air
  • Heating: Radiant/Base, Individual Units
  • Water Supply: Municipal/City

Association/Amenities

  • Amenities: Cable, Wireless Internet

Lot Info

  • Estimated Number of Acres: 0.22
  • Zoning: Commercial
  • Property Use: Other Property Use, Office Building

Rental Info

  • Lease Dollar Sq Ft: 2.5
  • Owner Pays: Real Estate Taxes, Insurance, Structural Maintenance, Common Area, Common Area Maint, Owner Pays Other
  • Sale Lease Includes: Building, Land, Sale/Lease Other
  • Tenant Pays: Insurance, Trash, Gas, Electric, Heating, Cooling, Water/Sewer, Tenant Pays Other
  • Terms Lease: Yearly, 5 Years, Renewal Option, Other Term/Lease

Tax Info

  • Annual Taxes: 2746
  • Parcel Id Number Tax Id: 04801106107010
  • Estimated Taxes Sq Ft: 1
  • Tax Incentive: In City Limit
  • Tax Year: 2018

Multi Family

  • Total Number Units: 3
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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
08/05/2021 08/05/21 Sold $230,000 -38.7% $82 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
01/17/2019 01/17/19 For Sale $375,000 -- $134 / Sq Ft
Source: RMLS Alliance

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAQC7039949

RMLS Alliance