1116 Mulberry St, Waterloo, IA 50703

1116 Mulberry St, Waterloo, IA 50703
MLS ID #:
20180925

Property Address:
1116 Mulberry St
Waterloo, IA 50703

County:
Black Hawk

Region:
Waterloo Downtown WADT

Year Built:
1902

Property Type:
Multi-unit

Sub-Type:
Duplex

Number of Units:
2

Elementary School:
Lowell Elementary

Mid/Jr High School:
Central Intermediate

Sr. High School:
West High

Date Listed:
March 3rd, 2018

Status:
Active

Price:
$69,000.00

Gross Taxes:
$575

Gross Income:
$0.00

Net Income:
$0.00

Occupant:
Renter

Tenant Responsible:
Electric, Gas, Heat, Lawn Care, Snow Removal

Terms of Tenancy:
Over 9 Months

Finance Type:
Cash, Conventional

Sale/Rent:
For Sale

Sale/Lease Type:
Normal Sale

Docs on File:
Lead Paint Disclosure, Sellers Disclosure

Zoning:
R-3

Legal Desc:
Original Plat Waterloo East NW 35 Ft Lot 1 Blk 23 SE 36 Ft Lot 2 Blk 23

Unit #1:
2 Bed, 1 Bath, Kitchen, Living Room, Garage, Refrigerator, Stove, Dishwasher, Washer/Dryer

Unit #2:
2 Bed, 1 Bath, Kitchen, Living Room, Garage, Refrigerator, Stove, Dishwasher, Washer/Dryer, $500.00 Rent

Basement:
Entrance-Inside

Laundry:
Lower Level

Garage Stalls:
2

Garage Type:
Detached

Parking:
Garage,On Street,Over 1 Space

Off-Street Parking:
2

Stories:
2 Stories

Total Fin Sq Ft:
1,728 sq ft

Main Sq Ft:
864 sq ft

2nd Level Sq Ft:
864 sq ft

Lot Description:
Level

Lot Sq Footage:
4,260

Lot Dimensions:
71 X 60

Reg/Irreg:
Reg

Road Frontage:
Paved Road Frontage

Exterior:
Slate

Siding:
Slate

Roof Type:
Asphalt

Exterior Amentities:
Curbs/Sidewalks, Fenced Yard

Utilities Available:
Cable Paid by Individual, Separate Meters

Water Type:
City

Sewer Type:
City

Fuel Type:
Natural Gas

Water Sep by Unit:
No

Elec Sep by Unit:
Yes

Heat Sep by Unit:
Yes

Heating:
Forced Air, Gas

Cooling:
None

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

Remarks: Great investment opportunity. Lower unit owner occupied and upper unit rented at $500/month. This investment could realize a 12.25% CAP rate by renting lower unit at same $500/month rate as upper level. Both units offer 2 bedrooms, kitchen, full bath, spacious living area and lots of storage. Property has been very well maintained. Gas and electric are separate, water and garbage are shared. Fenced yard and 2 car garage.
Realtor/Equal Housing Lender Listing provided courtesy of RE/MAX Home Group.
Listing Agent: Scott Seeley GRI, CRS
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