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910 N 6th Avenue E

Newton, IA 50208
  • $192,000
  • STATUS: Closed
  • ON SITE: 280 Days
  • MLS #: 673312
Sold - 09/08/2023
$192,000
SOLD - 09/08/2023
  • 4
    BEDS
  • 0.16
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,376
    SQFT
  • $0
    $/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 Monthly Gross rent:$2725. All 4 units rented, annual leases. Cap rate of 10.7% and Potential Free Cash flow of $13,500 (including $980 set aside for reserves) after mortgage and expenses, see Proforma. There is additional opportunity to lower expenses and increase income with unit updates. Internet and electricity paid by tenants. Gas and water/trash currently paid by Landlord. Proforma using real numbers over the past year. Please reach out to listing agent for Proforma and to schedule time to see the property. Planning to do open house style showing (one day several hour timeframe), depending on requests.

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© 2024 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 EXIT Realty Capital City. Data last updated: 2024-02-21T16:22:57.293.
www.exitrealtycc.com/homes/139603100
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910 N 6th Avenue E Newton, IA 50208

  • Price: $199,000
  • Status: Closed
  • On Site: 280 Days
  • Updated: 25 min ago
  • MLS #: 673312
4
Beds
4
Baths
0
½ Baths
0.16
Acres
2,376
SQFT
$0
$/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 Monthly Gross rent:$2725. All 4 units rented, annual leases. Cap rate of 10.7% and Potential Free Cash flow of $13,500 (including $980 set aside for reserves) after mortgage and expenses, see Proforma. There is additional opportunity to lower expenses and increase income with unit updates. Internet and electricity paid by tenants. Gas and water/trash currently paid by Landlord. Proforma using real numbers over the past year. Please reach out to listing agent for Proforma and to schedule time to see the property. Planning to do open house style showing (one day several hour timeframe), depending on requests.
Exterior Features

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

Interior Features

Basement Crawlspace Below Grade Finished Area 0 Cooling Windowunits Cooling YN Yes Furnished Unfurnished Heating ForcedairGasNaturalgas Heating YN Yes

Property Features

Association Fee Includes Snowremoval Buyer Financing Conventional Home Warranty YN No Lease Considered YN No Listing Terms CashConventional Lot Features Rectangularlot Lot Size Dimensions 50X142 Owner Pays GasInsurance Sewer Publicsewer Tax Annual Amount 2014 Tenant Pays Electricity Utilities ElectricityavailableNaturalgasavailable Water Source Public Zoning Multi

Listing provided courtesy of Simply Better Realty, LLC: (515) 639-9998. © 2024 Des Moines Multiple Listing Service.
© 2024 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 EXIT Realty Capital City. Data last updated: 2024-02-21T16:22:57.293.
 
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