$260,000.00

106 Mechanic StreetFayette, IA 52142

106 Mechanic Street, Fayette, IA
  • 106 Mechanic Street, Fayette, IA
  • 106 Mechanic Street, Fayette, IA
  • 106 Mechanic Street, Fayette, IA
  • 106 Mechanic Street, Fayette, IA
  • 106 Mechanic Street, Fayette, IA
Nice 8-unit apartment building in the college town of Fayette. The Current owner has done many updates over the past few years including 3 new one demand water heaters in 2018, new vinyl siding in 2019, new gutters in 2020 along with apartment remodels and the roof is less than 10 years old. Great income property and off-street parking.
MLS ID #:
20205517

Property Address:
106 Mechanic Street
Fayette, IA 52142

County:
Fayette

Region:
Outside the Metro Area

Year Built:
1920

Property Type:
Multi-unit

Sub-Type:
Five or More Units

Number of Units:
8

School:
North Fayette

Date Listed:
October 31st, 2020

Status:
Active

Price:
$260,000.00

Gross Taxes:
$2,976.00

Gross Income:
$42,900.00 Projected

Net Income:
$28,747.00 Projected

Occupant:
Renter

Tenant Responsible:
Electric

Terms of Tenancy:
Over 9 Months

Finance Type:
Cash, Conventional

Sale/Lease Type:
Normal Sale

Docs on File:
Lead Paint Disclosure, Sellers Disclosure

Zoning:
M-1

Legal Desc:
Brief legal; LOT 3 & S 18' LOT 2 & 21' ADJ ON W, BLK 23, ORIG FAYETTE

Unit #1:
2 Bed, Refrigerator, Stove, $460.00 Rent

Unit #2:
2 Bed, Refrigerator, Stove, $460.00 Rent

Unit #3:
1 Bed, Refrigerator, Stove, $375.00 Rent

Unit #4:
2 Bed, Refrigerator, Stove, $460.00 Rent

Unit #5:
3 Bed, Refrigerator, Stove, $525.00 Rent

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

Laundry:
1st Floor, Dryer Hook-Up, Dryer Hook-up Electric, Hall, Washer Hookup

Garage Type:
None

Parking:
Parking Area,Parking Spaces

Off-Street Parking:
10

Stories:
Apartments (5+ Units), Multilevel, Over 2 Stories

Total Fin Sq Ft:
8,410 sq ft

Main Sq Ft:
2,470 sq ft

2nd Level Sq Ft:
2,470 sq ft

3rd Level Sq Ft:
1,000 sq ft

Lot Description:
Level

Lot Sq Footage:
10434

Lot Dimensions:
74x141

Reg/Irreg:
Irreg

Acres:
0.240

Road Frontage:
Hard Surface Road, Paved Road Frontage

Exterior:
Vinyl

Siding:
Vinyl

Roof Type:
Asphalt

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

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:
Electric

Cooling:
Wall Unit, Window Unit

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

Realtor/Equal Housing Lender Listing provided courtesy of Allen Real Estate Company, LLC.
Listing Agent: Nathan Trappe
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.

Additional Photos

  • 106 Mechanic Street, Fayette, IA 52142
  • 106 Mechanic Street, Fayette, IA 52142
  • 106 Mechanic Street, Fayette, IA 52142
  • 106 Mechanic Street, Fayette, IA 52142
  • 106 Mechanic Street, Fayette, IA 52142

Property Location Map


View Larger Map

Request Showing

If you would like to speak to an agent about viewing this property, please fill out and submit the form below. An agent will then contact you to schedule a showing of this property.

*Denotes required fields.


  • Reload Image