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Ernest Abell

ernieabell.realty@hotmail.com +1(641) 414-3893

Listed by Malachi Westercamp Mossy Oak Properties Boley Real Estate

$ 284,900

Est. payment | -/mo

7 Baths

3,930 SqFt

Save

$ 284,900

Est. payment | -/mo

Save

7 Baths

3,930 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,930 sqft

Price per Sqft $72

Subdivision Old Plat Fairfield

MLS Listing ID NOC6341562

Full Baths 4

Half Baths 3

Maintenance Fees $200

Year Built 1900

Annual Tax Amount $4,246

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 66X132

Property Sub-Type Quadruplex

Property Description

Four-Unit Multifamily Investment Opportunity This one-of-a-kind four-family conversion offers an excellent opportunity for investors looking for an established rental property with strong income potential. Thoughtfully converted into four separate units, the property offers a functional layout and a unique investment opportunity. Each of the four units features 2 bedrooms and 1 bathroom, with shared laundry conveniently located in the common area. All four units are occupied and current monthly rents: - Unit A: $1,065/month - Unit B: $1,025/month - Unit C: $1,225/month - Unit D: $850/month Landlord currently pays the utilities. Recent exterior improvements include a new metal roof and gutters on the north portion of the building in 2024 and new vinyl siding installed in 2022. The property also includes a small garage and outdoor garden shed, adding valuable storage and functionality. With four well managed income-producing units, recent exterior updates, and a unique conversion that offers plenty of character, this property presents an excellent opportunity for both seasoned investors and those looking to expand their rental portfolio. This property is owned by the Listing Agent.

Location

State IA

County Jefferson

Area 3930

Direction Property is located on the corner of E Hempstead and N C St.

Rooms

Basement Finished

Interior

Heating Forced Air

Fireplace No

Exterior

Garage Spaces 1.0

View Y/N true

Accessibility None

Building

Sewer Public Sewer

Water City Water - In Street

Structure Type Vinyl Siding

Schools

School District 2169 - Fairfield

Others

Energy Description Natural Gas

Acceptable Financing NOC6341562

Listing Terms NOC6341562

Schools and Properties Nearby

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+1(641) 414-3893

ernieabell.realty@hotmail.com

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206 E Hempstead AVE Fairfield, IA 52556