505 Lincolnway St, Woodbine, Iowa  SOLD! View Results
$125,900 Investment Property

Listing Agents: Randy Pryor 712-644-7610  Cindy Pryor 712-647-8899

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Property Details

 

Lot Size: 60' x 180'

Style: 2 story with full basement; built in 1941

 

3 Apartment Units

     Apartment 1: Upper floor; 960 sq. ft. with 2 bedrooms and deck

     Apartment 2: Main floor; 960 sq. ft. with 1 bedroom

     Apartment 3: Basement level with 2 bedrooms

 

Appliances Included: Stove, refrigerator in all units; upper unit has dishwasher and garbage disposal

Laundry: Coin operated washer and dryer included

 

​Heating & Cooling: Gas furnace; basement is electric heat; central air

Water & Sewer: City of Woodbine

Utility Avg: $257/monthly electric & gas for all units

Yearly Taxes: $1,900  Assessed: $185,895

Current Rental Income: $19,920/yearly with utilities paid by owner

Expenses: $6,000/yearly for taxes, insurance, and utilities

Net Profit: $13,930/yearly before maintenance

Comments: Triple C Roofing just completed a new flat roof with a 10-year warranty. The owners have maintained the flooring.

© 2019 by ​RANDY PRYOR REAL ESTATE & AUCTION COMPANY.

Randy Pryor

Auctioneer/Broker

428 Walker St. Woodbine, IA  51579

Licensed in the State of Iowa

  712-647-2741         Email

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