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$350,000   Price Analysis
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701 1st St
Lynnville, IA 50153
4 bed 2 bath 2,664 SqFt ($131/SqFt)
1.48 acre lot. Built 2001
Listed 2023-11-07, Taxes $2,358
USDA Eligible
near Lynnville, IA
 Restrictions may apply
due to home size

Welcome to an exceptional investment prospect that promises immediate returns but also boundless potential for the future.

* No Longer For Sale *
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This remarkable property features two duplex units, each approximately 1, 332 square feet of living space. 2 bedrooms and 1 bathroom per unt, kitchen in each unit with appliances that stay and in-floor heating throughout. Enjoy the comfort of single-level living, providing convenience and accessibility for all residents, making this property ideal for a diverse range of renters. Each unit comes w ith an attached 2-car garage providing ample storage space. Take in the picturesque surroundings and peaceful vibes as you step onto your own private deck.

The property sits on an expansive 1.48-acre lot, providing plenty of room for outdoor activities, gardening or even future expansion. The property has been thoughtfully updated with a new roof in 2023, ensuring a solid and worry-free investment for years to come. Conveniently located, this property offers a perfect balance of tranquility and accessibility. With pretty views of the surroundings, residents can relish the serenity while being within easy reach of amenities. Both units have a waiting list of potential renters, underscoring the demand for housing in this coveted location. With steady income streams, you can start reaping the benefits from day one. This property has fantastic income opportunity, with potential to expand and build additional units on the open lot, multiplying your investment.


Presented by Heather Engbers at
Iowa Realty Newton.
Listing Agent Photo

Property MLS #685018 from DesMoines

Bedrooms: 4
Bedrooms On Level 1: 4

Total Bathrooms: 2.00
Full Bathrooms: 2
Full Bathrooms On Level 1: 2

1st Flr Laundry

Cooling Features: Central
Heating Features: Radiant

Basement Description: Slab

Deck

Lot Size Acres: 1.48
Lot Size Square Feet: 64469

Garage Spaces: 4
Garage Description: 4 Attached

School District: Lynnville-Sully

Lynnville-Sully Middle School is a public middle school located approximately 2.8 miles away.
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Lynnville-Sully High School is a public high school located approximately 2.8 miles away.
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Lynnville-Sully Elementary School is a public elementary school located approximately 2.8 miles away.
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Sully Christian School is a private elementary and middle school located approximately 2.6 miles away.
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Annual Tax Amount: 2521.10
Source Listing Status: Sold
County: Jasper
Directions: From 1st St in Lynnville, turn north into property.
Source Property Type: Residential
Inclusions: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Area: Lynnville
Source Neighborhood: Lynnville
Parcel Number: 2011126006
Postal Code Plus 4: 8599
Zoning: R
Property Subtype: Residential
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$126,390 + $15,700
$142,090
$2,358
2020$122,080 + $15,700
$137,780
$2,322
2019$122,080 + $15,700
$137,780
$2,186
2018$106,690 + $14,270
$120,960
$2,108
2017$106,690 + $14,270
$120,960
$2,172
2015$106,690 + $14,270
$120,960
$2,078
2014$106,690 + $14,270
$120,960
$1,914
2013$106,690 + $14,270
$120,960
$1,962
2012$113,420 + $14,270
$127,690
$1,970
2011$113,420 + $14,270
$127,690
$1,976

Sold 2024-05-10
$350,000
DesMoines
Price Changed 2024-01-19
$395,000
DesMoines
Listed 2023-11-07
$425,000
DesMoines

Total Square Feet Living: 2664
Year Built: 2001
Building Exterior Type: Vinyl Siding
Property Age: 23
Roof: Asphalt Shingle
House Style: Duplex
Total Area Sqft: 2664

Sewer: City
Water Source: City

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.