408 S Knapp Street , A & B

Description

INVESTOR SPECIAL! This updated duplex in Iowa presents an exceptional opportunity with both properties currently leased. Unit A is leased for $800/month with $150 utility reimbursement paid to the owner. Unit B is leased for $850 a month, with tenants responsible for a $150 utility reimbursement. Situated on a spacious lot, this duplex offers potential for additional units. Each side features 2 bedrooms and 1 bathroom, showcasing recent updates including a new roof, sheetrock, interior and exterior paint, cabinets, fixtures, and flooring. The AC units are just 4 years old, and new vinyl siding adorns the exterior, complemented by all-new bathrooms. Notably, there's only one meter for both units, and the city has confirmed the possibility of adding 2 mobile homes or another home behind the duplex. With flood zone AE designation, current flood insurance stands at $834.67 per year, and the seller is willing to transfer this to the new buyer if permitted by insurance regulations. The property is currently tenant-occupied, so kindly provide 24-hour notice for all showings. Don't miss this opportunitymake your offer today! Measurements are M/L