$192,000
SOLD SEP 8, 2023

910 N 6th Ave E Newton, IA 50208

-- Bed
4 Baths
2,376 Sq Ft
7,100 Sq Ft Lot

Recently Sold

$81 Per Sq Ft

4% Below List Price

27 Days on Market

Highlights

  • 4 Kitchens
  • No HOA
  • Forced Air Heating System
  • Ranch Style House
  • Laundry Room

About This Home

As of September 2023

Very Rare Ranch style 4-plex, 1 bed, 1 bath. Current Monthly Gross rent:$2725. All 4 units rented, annual leases. Cap rate of 10.7% and Potential Free Cash flow of $13,500 (including $980 set aside for reserves) after mortgage and expenses, see Proforma. There is additional opportunity to lower expenses and increase income with unit updates. Internet and electricity paid by tenants. Gas and water/trash currently paid by Landlord. Proforma using real numbers over the past year. Please reach out to listing agent for Proforma and to schedule time to see the property. Planning to do open house style showing (one day several hour timeframe), depending on requests.

Last Agent to Sell the Property

Brendon Shaw

Simply Better Realty, LLC Listed on: 05/16/2023

Last Buyer's Agent

Brendon Shaw

Simply Better Realty, LLC Listed on: 05/16/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,014

Year Built

  • Built in 1952

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 50x142

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Shingled Roof
  • Stucco

Interior Spaces

  • 4 Full Bathrooms
  • 2,376 Sq Ft Home
  • Crawl Space
  • 4 Kitchens
  • Laundry Room

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number NORTH EAST ADD TR 50' X 142' SE COR W 1/2 LOT 6

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Snow Removal

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,014

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 83.75
  • Sp Amt Sq Ft: 80.81
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 4
  • Disposals: 4
  • Refrigerators: 4
  • Stoves Total: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • First Floor Full Bathrooms: 4
  • Basement Description: Crawl Space
  • Kitchens: 4
  • Laundry: Yes
  • Living Area Sq Ft: 2376
  • Total Sq Ft: 2376

Exterior Features

  • Exterior: Stucco
  • Foundation: Concrete Block
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: Yes

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window
  • Heat: Gas Forced Air
  • Separate Meters: Y

Association/Amenities

  • Amenities: Snow Removal

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Newton

Lot Info

  • Acres: 0.1650
  • Lot S F: 7100
  • Lot Shape: Regular
  • Lot Size: 50X142
  • Assessor Parcel Number: NORTH EAST ADD TR 50' X 142' SE COR W 1/2 LOT 6
  • Zoning: Multi

Rental Info

  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Landlord

Tax Info

  • Gross Taxes: 2014.00
  • Net Taxes: 2014.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Newton

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Range of Values:

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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
09/08/2023 09/08/23 Sold $192,000 -3.5% $81 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $199,000 +7.6% $84 / Sq Ft
01/04/2022 01/04/22 Sold $185,000 0.0% $78 / Sq Ft
10/30/2021 10/30/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $185,000 +40.2% $78 / Sq Ft
09/10/2021 09/10/21 Sold $132,000 -3.2% $56 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $136,400 -- $57 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brendon Shaw

    Simply Better Realty, LLC

    Section Image
  • Donald Kacer

    Seller's Agent in 2022

    Donald Kacer

    United Real Estate Profess

    (515) 720-3329

    17 Total Sales

    Donald Kacer
    Section Image

  • R

    Buyer's Agent in 2022

    Richard Delagardelle

    Iowa Realty Waukee

    (515) 453-6700

    22 Total Sales

    Richard Delagardelle
    Section Image
  • Chris Behun

    Seller's Agent in 2021

    Chris Behun

    Iowa Realty Newton

    (641) 521-7091

    121 Total Sales

    Chris Behun
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 673312

Des Moines Area Association of REALTORS®

APN: 0827476033

Iowa Jasper County Newton 50208

910 N 6th Ave E, Newton, IA

This home is located at 910 N 6th Ave E, Newton, IA 50208 and is currently priced at $192,000, approximately $80 per square foot. This property was built in 1952. 910 N 6th Ave E is a home located in Jasper County with nearby schools including Berg Middle School, Newton Senior High School, and Newton Christian 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.

Des Moines Area Association 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.

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