| Mark Charter | Remax Real Estate Concepts – 550 36th Ave SW, Altoona, Ia 50009 | 515.864.6444 |
105 Centennial, Huxley, IA | | Investment opportunity, own a rental unit and let someone else pay
your mortgage! | | | 4BR/3BA Townhouse | | offered at $172,500 | | Year Built | 2007 | | Sq Footage | 1,209 | | Bedrooms | 4 | | Bathrooms | 3 full, 0 partial | | Floors | 2 | | Parking | 2 Car garage | | Lot Size | Unspecified | | HOA/Maint | $0 per month |
DESCRIPTION
INVESTMENT PROPERTY FOR SALE, I have a duplex for sale, here are the details:
I purchased this duplex in April of 2008 for $172,900 per side. It was a 2 bed, 2 bath per side. I have consistently been able to rent this 2 bed unit for $1,050 per month and the tenants pay all utilities and take care of snow and lawn. This is a town home with a yard, but there is no association set up so there are no dues.
I am now selling them for $172,500, but I will finish off the basements before selling for this price. You can either make it a 3 or 4 bedroom unit, depending upon your desires. There will also be a 3rd bathroom in the basement as well as a family room. A three bed unit in Huxley, could be rented for $1200-1300, and a 4 bedroom, possibly up to $1,500 per month.
I have found that these units make great short term rentals for people building homes. I have never had to do much more than put a for rent sign on the property to get calls. The location is right next to a highway, so there is a ton of traffic close by.
To recap: I purchased these as a 2 bed/2 bath unit in April of 2008 for $172,900 per side. I am now selling them for $172,500 per side as a 3 or 4 bed unit with 3 baths.
These are wonderful town homes. with a good sized master with own bath, and walk-in closet, stainless steel appliances, granite counters, fireplace and washer and dryer. There is also a 3 season porch attached to each side, and the units have a 2 car attached garage.
I simply do not want to be a landlord and want to cash out some equity. My loss is your gain!
Both sides are currently rented, one for the next 6 months and the other through the end of April.
Property taxes on the units are $3200 per year for each side.
The current assessment is $172,000 per side based on it being a 2 bed/2bath.
| | | | see additional photos below | | | | | | PROPERTY FEATURES
- Central A/C |
- Central heat |
- Fireplace |
| - High/Vaulted ceiling |
- Walk-in closet |
- Tile floor |
| - Family room |
- Living room |
- Dishwasher |
| - Refrigerator |
- Stove/Oven |
- Microwave |
| - Granite countertop |
- Stainless steel appliances |
- Basement |
| - Washer |
- Dryer |
- Laundry area – inside |
| - Yard |
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| ADDITIONAL PHOTOS
 Photo 1 | |
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| | | Contact info: | |
Mark Charter |
Remax Real Estate Concepts – 550 36th Ave SW, Altoona, Ia 50009 |
| #S56865000 |
515.864.6444 |
For sale by agent/broker | |
| | | | | | | Posted: Dec 10, 2009, 1:32pm PST | |
