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910 N 6th Avenue E

Newton, IA 50208
  • $210,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: 661096
UPDATED: 78 min ago
$210,000
  • 4
    BEDS
  • 0.16
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,376
    SQFT
  • $88
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:
Area:

School Ratings & Info

School District:

Description

Very Rare Ranch style 4-plex, 1 bed, 1 bath. Current rents: 3 @625 with 2 additional $50 pet fees, 1 @ $650 with $50 pet fee. 3 units currently rented and 1 soon to be empty. Perfect opportunity to live in one and rent out the others or rent out all 4. Laundry room with one dryer and one coin operated washer. Recent Electrical and Plumbing upgrades. Rental Certificates are current for all four. With current numbers at a $210,000 list price, cap rate of 9.25% and Potential Free Cash flow of $10,620(including $972 set aside for reserves) after mortgage and expenses. There is an opportunity to lower expenses and increase income with unit updates. Internet and electricity paid by tenants. Gas, water, and trash currently paid by Landlord. Gas 12-month average: $200, Water and Trash: $130. Proforma included.

Monthly Payment Calculator

© 2022 Des Moines Multiple Listing Service. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Rundall Real Estate Group | Keller Williams Greater Des Moines. Data last updated: 2022-12-03T20:21:59.053.
www.rundallgroup.com/homes/133516585
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910 N 6th Avenue E Newton, IA 50208

  • Price: $210,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 78 min ago
  • MLS #: 661096
4
Beds
4
Baths
0
½ Baths
0.16
Acres
2,376
SQFT
$88
$/SQFT
1952
Built
Neighborhood:
Newton
County:
Jasper
Area:
Newton
School District:
Newton
Property Description
Very Rare Ranch style 4-plex, 1 bed, 1 bath. Current rents: 3 @625 with 2 additional $50 pet fees, 1 @ $650 with $50 pet fee. 3 units currently rented and 1 soon to be empty. Perfect opportunity to live in one and rent out the others or rent out all 4. Laundry room with one dryer and one coin operated washer. Recent Electrical and Plumbing upgrades. Rental Certificates are current for all four. With current numbers at a $210,000 list price, cap rate of 9.25% and Potential Free Cash flow of $10,620(including $972 set aside for reserves) after mortgage and expenses. There is an opportunity to lower expenses and increase income with unit updates. Internet and electricity paid by tenants. Gas, water, and trash currently paid by Landlord. Gas 12-month average: $200, Water and Trash: $130. Proforma included.
Exterior Features

Architectural Style Ranch Construction Materials Stucco Foundation Details Block Road Surface Type Concrete Roof AsphaltShingle

Interior Features

Basement Crawl Space Below Grade Finished Area 0 Cooling Window Unit(S) Cooling YN Yes Furnished Unfurnished Heating Forced AirGasNatural Gas Heating YN Yes

Property Features

Association Fee Includes Snow Removal Home Warranty YN Yes Lease Considered YN No Listing Terms CashConventional Lot Features Rectangular Lot Lot Size Dimensions 50X142 Owner Pays GasInsurance Property Sub Type Multi Family Property Sub Type Additional Multi Family Sewer Public Sewer Tax Annual Amount 2014 Tenant Pays Electricity Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Multi

Listing provided courtesy of Simply Better Realty, Llc: (515) 639-9998. © 2022 Des Moines Multiple Listing Service.
© 2022 Des Moines Multiple Listing Service. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Rundall Real Estate Group | Keller Williams Greater Des Moines. Data last updated: 2022-12-03T20:21:59.053.
 
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4001 Westown Parkway
West Des Moines IA, 50266