NOT LISTED FOR SALE

612 W Post St Postville, IA 52162

Studio
-- Bath
7,898 Sq Ft
50,530 Sq Ft Lot

Sale Details

Date Sold: September 29, 2021

Last sale price $440,000 $56 Per Sq Ft

14 Days on Market

Highlights

  • 50,530 Sq Ft lot
  • Cul-De-Sac
  • 1-Story Property

About This Home

As of September 2021

INVESTMENT OPPORTUNITY to be sold as a packaged deal: This great multi-parcel rental property consists of three buildings at 610 & 612 W. Post St. with 14, one-bedroom units priced at $489,000.00. There are additional units at 368 W. Stoneman with 6, two-bedroom units for $289,000.00 and a duplex with three-bedrooms in each unit at 414 W. Stoneman for $89,000.00. This total package of 22 units is being offered at $867,000.00. These properties have a very low vacancy rate and offer a 10% rate of return. Take advantage of this very rare opportunity to own multiple properties with a great cash flow. Please see individual property listings for more details. A pre-approval letter or financial commitment is required prior to all showings.

Last Agent to Sell the Property

Tade Kerndt

Viking Realtors License #B38984000 Listed on: 08/02/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,175

Year Built

  • Built in 2014

Lot Details

  • 1.16 Acre Lot
  • Cul-De-Sac

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 7,898 Sq Ft Home
  • 1-Story Property
  • Washer and Gas Dryer Hookup

Parking

  • 30 Open Parking Spaces
  • No Garage
  • Parking Available
  • Paved Parking
  • On-Street Parking
  • Off-Site Parking

Schools

  • Postville Elementary And Middle School
  • Postville High School

Utilities

  • Window Unit Cooling System

Community Details

  • 14 Units
  • Water Sewer Expense $193

Listing and Financial Details

  • Tenant pays for electricity, heat
  • Assessor Parcel Number 1932377011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,175

Year Built

Built in 2014

Lot Details

1.16 Acres

Listing Details

  • Parcel Number: 1932377011
  • Year Built: 2014
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Dryer Hookup-Gas, Washer Hookup
  • ResoLotFeatures: Cul-De-Sac
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 563-382-8453
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 7898
  • Architectural Style: One Story
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Exterior Features: Sidewalk
  • Siding: Brick,Vinyl

Garage/Parking

  • Open Parking Spaces: 30
  • Parking Features: None, Off Site, Parking Area, Paved, Street Parking

Utilities

  • Cooling: Window Unit(s)
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Garbage in Rent, Separate Meters, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 192.89

Schools

  • Elementary School: Postville
  • High School: Postville
  • Middle Or Junior School: Postville

Lot Info

  • Zoning: R-3
  • Lot Dimensions: n/a
  • Lot Size Sq Ft: 50530

Rental Info

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

Multi Family

  • Number Of Units Total: 14

Tax Info

  • Tax Annual Amount: 7175
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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
09/29/2021 09/29/21 Sold $440,000 -10.0% $56 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $489,000 -- $62 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

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 $9,264 $559,100 $43,200 $515,900
2024 $9,264 $510,800 $43,200 $467,600
2023 $8,942 $510,800 $43,200 $467,600
2022 $6,744 $300,600 $43,200 $257,400
2021 $6,922 $282,600 $43,200 $239,400
2020 $4,482 $271,300 $43,200 $228,100
2019 $7,608 $273,600 $0 $0
2018 $8,712 $300,400 $0 $0
2017 $8,712 $300,400 $0 $0
2016 $7,502 $235,000 $0 $0
2015 $7,502 $169,600 $0 $0
2014 $8,732 $236,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20213692

Northeast Iowa Regional Board of REALTORS®
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