$100,000.00

314 Locust StreetWaterloo, IA 50701

314 Locust Street, Waterloo, IA
  • 314 Locust Street, Waterloo, IA
Great opportunity for investor with opportunity for an approx 26% cap rate. Current cap rate is approx 14%. Needs roof (price is appropriately priced) Great potential.
MLS ID #:
20211225

Property Address:
314 Locust Street
Waterloo, IA 50701

County:
Black Hawk

Region:
Waterloo South 1B

Year Built:
1904

Property Type:
Multi-unit

Sub-Type:
Five or More Units

Number of Units:
5

Elementary School:
Irving Elementary

Mid/Jr High School:
Central Intermediate

Sr. High School:
West High

Date Listed:
April 2nd, 2021

Status:
Active

Price:
$100,000.00

Gross Taxes:
$2,455.00

Gross Income:
$34,128.00 Projected

Net Income:
$28,321.00 Projected

Occupant:
Renter

Tenant Responsible:
Electric, Gas

Terms of Tenancy:
Over 9 Months

Finance Type:
Cash, Conventional, Insured Conventional

Sale/Lease Type:
Normal Sale

Docs on File:
Lead Paint Disclosure

Zoning:
R-4

Legal Desc:
WHITNEY AND SEDGWICKS ADDITION LOT 3 BLK 2

Unit #1:
1 Bed, 1 Bath, Kitchen, Living Room, Refrigerator, Stove, $604.00 Rent

Unit #2:
1 Bed, .75 Bath, Kitchen, Living Room, Refrigerator, Stove, Dishwasher, $550.00 Rent

Unit #3:
2 Bed, 1 Bath, Kitchen, Living Room, Refrigerator, Stove, Dishwasher, $675.00 Rent

Unit #4:
1 Bed, .75 Bath, Kitchen, Living Room, Refrigerator, Stove, $465.00 Rent

Unit #5:
1 Bed, 1 Bath, Kitchen, Living Room, Refrigerator, Stove, $550.00 Rent

Basement:
Block

Laundry:
None

Garage Stalls:
2

Garage Type:
Detached

Parking:
Assigned Parking,Garage,Gravel,Parking Area

Off-Street Parking:
5

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

Total Fin Sq Ft:
5,156 sq ft

Main Sq Ft:
1,781 sq ft

2nd Level Sq Ft:
1,268 sq ft

3rd Level Sq Ft:
1,000 sq ft

Lot Sq Footage:
8400

Lot Dimensions:
60x140

Reg/Irreg:
Reg

Acres:
0.193

Road Frontage:
Hard Surface Road

Exterior:
Steel

Siding:
Steel

Roof Type:
Asphalt

Exterior Amentities:
Curbs/Sidewalks, Deck, Fenced Yard, Patio, Porch-3 Season, Porch-Enclosed, Privacy Fence

Utilities Available:
Cable Paid by Individual, Elec Individual Meters, Electric in Rent, Garbage in Rent, Gas in Rent, Gas Individual Meters, 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:
No

Heating:
Steam/Hot Water

Cooling:
Ceiling Fan, Window Unit

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

Realtor/Equal Housing Lender Listing provided courtesy of Berkshire Hathaway Home Services One Realty Centre.
Listing Agent: Marguerite Pircer, CRS,ABR,EPRO,GRI
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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