302-306 1/2 1st St. S.E., Oelwein, IA 50662

302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
302-306 1/2 1st St. S.E., Oelwein, IA 50662
MLS ID #:
20180546

Property Address:
302-306 1/2 1st St. S.E.
Oelwein, IA 50662

County:
Fayette

Region:
Outside the Metro Area

Year Built:
1909

Property Type:
Multi-unit

Sub-Type:
Five or More Units

Number of Units:
5

School:
Oelwein

Date Listed:
February 7th, 2018

Status:
Active

Price:
$165,000.00

Gross Taxes:
$3417

Gross Income:
$0.00

Net Income:
$0.00

Occupant:
Renter

Tenant Responsible:
Electric, Gas, Heat, Water

Terms of Tenancy:
Over 9 Months

Finance Type:
Cash, Conventional

Sale/Rent:
For Sale

Sale/Lease Type:
Normal Sale

Docs on File:
Aerial Photo, Lead Paint Disclosure, Legal Description, Sellers Disclosure

Zoning:
R-3

Legal Desc:
Lot 10 & N 1/2 Lot 9, Blk 14 Orig Oelwein

Unit #1:
1 Bed, 1 Bath, Kitchen, Living Room, Garage, Refrigerator, Stove, $365.00 Rent

Unit #2:
2 Bed, 1.5 Bath, Kitchen, Living Room, Refrigerator, Stove, $515.00 Rent

Unit #3:
1 Bed, 1 Bath, Kitchen, Living Room, Refrigerator, Stove, $465.00 Rent

Unit #4:
1 Bed, 1 Bath, Kitchen, Living Room, Refrigerator, Stove, $390.00 Rent

Unit #5:
2 Bed, 1.5 Bath, Kitchen, Living Room, Refrigerator, Stove, $465.00 Rent

Basement:
Entrance-Inside, Floor Drain, Stone/Earthen

Laundry:
1st Floor, 2nd Floor, Dryer Hook-Up, Washer Hookup

Garage Stalls:
1

Garage Type:
Attached

Parking:
Over 1 Space,Paved

Off-Street Parking:
6

Stories:
2 Stories, Apartments (5+ Units)

Total Fin Sq Ft:
5,276 sq ft

Main Sq Ft:
2,638 sq ft

2nd Level Sq Ft:
2,638 sq ft

Lot Description:
Corner Lot

Lot Sq Footage:
9,375

Lot Dimensions:
125' x 75'

Reg/Irreg:
Reg

Acres:
0.220

Road Frontage:
Paved Road Frontage

Exterior:
Brick

Siding:
Brick

Roof Type:
Membrane, Asphalt

Exterior Amentities:
Porch-Covered

Utilities Available:
Cable Paid by Individual, Elec Individual Meters, Garbage in Rent, Gas Individual Meters, Water Individual Meters

Water Type:
City

Sewer Type:
City

Fuel Type:
Natural Gas

Water Sep by Unit:
Yes

Elec Sep by Unit:
Yes

Heat Sep by Unit:
Yes

Heating:
Forced Air, Gas

Cooling:
Central Air

Flood Plain Class:
C/X - Not in Flood Plain

Remarks: This brick multi-family unit will make a great addition to any investor’s portfolio. Good cash flow with 5 units bringing in $2,200/month. All apartments are currently occupied with leases. The main floor offers three-1 bedroom apartments with each having a kitchen, living room, full bath, basement storage and washer/dryer hookups. There are two-2 bedroom apartments on the second floor with each featuring a spacious kitchen, living room, 1.5 baths, central air and washer/dryer hookups. All apartments are metered separately and tenants pay their own utilities. Landlord pays garbage only. Sitting prominently on a corner lot with off-street parking and a one-stall attached garage.
Realtor/Equal Housing Lender Listing provided courtesy of RE/MAX Independence Realty.
Listing Agent: Curt Martin
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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