$220,000.00

5 S Main StreetFayette, IA 52142

5 S Main Street, Fayette, IA
  • 5 S Main Street, Fayette, IA
  • 5 S Main Street, Fayette, IA
  • 5 S Main Street, Fayette, IA
  • 5 S Main Street, Fayette, IA
Nice 6-unit apartment building in the college town of Fayette. The Current owner has done many updates over the past few years including new steel siding in 2015 and apartment remodels. Great income property and off-street parking right downtown Fayette.
MLS ID #:
20205518

Property Address:
5 S Main Street
Fayette, IA 52142

County:
Fayette

Region:
Outside the Metro Area

Year Built:
1950

Property Type:
Multi-unit

Sub-Type:
Five or More Units

Number of Units:
6

School:
North Fayette

Date Listed:
October 31st, 2020

Status:
Active

Price:
$220,000.00

Gross Taxes:
$4,098.00

Gross Income:
$34,200.00 Projected

Net Income:
$28,882.00 Projected

Occupant:
Renter

Tenant Responsible:
Electric, Heat, Water

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; PARCEL 'O' IN NW NW, RIVER AD. SURVEY BK 11 PGS 203-205

Unit #1:
2 Bed, Refrigerator, Stove, $400.00 Rent

Unit #2:
3 Bed, Refrigerator, Stove, $625.00 Rent

Unit #3:
2 Bed, Refrigerator, Stove, $475.00 Rent

Unit #4:
2 Bed, Refrigerator, Stove, $425.00 Rent

Unit #5:
2 Bed, Refrigerator, Stove, $475.00 Rent

Basement:
Block, Brick, Concrete, Entrance-Inside, Entrance-Outside, Finished-Fully, Floor Drain

Laundry:
Dryer Hook-up Electric, Washer Hookup

Garage Type:
None

Parking:
Gravel,Over 1 Space,Parking Area,Paved

Off-Street Parking:
12

Stories:
1.5 Stories, Apartments (5+ Units), Split Level

Total Fin Sq Ft:
6,048 sq ft

Main Sq Ft:
3,024 sq ft

Lot Description:
Level

Lot Sq Footage:
20038

Lot Dimensions:
1

Reg/Irreg:
Irreg

Acres:
0.460

Road Frontage:
Hard Surface Road, On Paved Road, Paved Road Frontage

Exterior:
Brick, Steel

Siding:
Brick, Metal, Steel

Roof Type:
Flat, Membrane, Rubber

Utilities Available:
Cable Paid by Individual, Garbage in Rent, Separate 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:
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.

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  • 5 S Main Street, Fayette, IA 52142
  • 5 S Main Street, Fayette, IA 52142
  • 5 S Main Street, Fayette, IA 52142
  • 5 S Main Street, Fayette, IA 52142

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