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$117,900
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507 King St
Fayette, IA 52142
Unknown bed None bath 1,558 SqFt ($75/SqFt)
0.25 acre lot. Built 1910
Listed 2024-03-15, Taxes $794
USDA Eligible
near Fayette, IA
 

Latest Value Estimates: $112,300 from CoreLogic on 2024-04-01. $115,542 from Quantarium on 2024-04-24. $65,000 from Collateral Analytics on 2024-04-17. Forecast Estimate Value:$117,590 in 2025-04-01 by Quantarium.

This 2 story duplex generates almost $1

400 a month with an over 12% cap rate! Both uni ts are two bedrooms, one bath and have replacement windows.

This is a exceptional opportunity for investors. An oversized 34' x 28' grage is located at the back of the property and has a bath and workshop. Call today!


Presented by Theodore Kerndt at
Viking Realtors.


Property MLS #20240987 from NorthEastIARegional

Laundry Facilities: 1st Floor

Cooling Features: Central Air, Window Unit
Heating Features: Electric, Forced Air
Heating Fuel: Natural Gas

Basement Description: Stone/Earthen

Deck
Porch
Road Frontage Type: Hard Surface Road

Lot Description: Level
Lot Size Acres: 0.2525253
Lot Size Dimensions: 100' x 110
Lot Size Square Feet: 11000

Garage Spaces: 2
Garage Description: Detached
Off Street Parking: 4
Parking Features: Parking Area

Elementary School: North Fayette
High School: North Fayette
Middle School: North Fayette

North Fayette Valley High School is a public high school located approximately 8.9 miles away.
directions icon Map directions

North Fayette Valley Middle School is a public middle school located approximately 11.9 miles away.
directions icon Map directions

North Fayette Elementary Fayette Center is a public elementary school located approximately 0.3 miles away.
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Number of Units: 2

Tenant Pays: Electric, Garbage, Gas, Heat, Snow Removal, Trash, Water

Annual Tax Amount: 1354
Source Listing Status: ACTIVE
Source Property Type: MULTI-UNIT
Area: Fayette
Source Neighborhood: Fayette
Parcel Number: 1128302004
State Region: Outside the Metro Area
Zoning: R-2
Flood Plain: Not in Flood Plain
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$37,470 + $5,880
$43,350
$794
2021$37,470 + $5,880
$43,350
$634
2020$27,900 + $5,640
$33,540
$612
2019$27,900 + $5,640
$33,540
$608
2018$27,260 + $5,640
$32,900
$612
2017$27,260 + $5,640
$32,900
$578
2016$21,930 + $5,640
$27,570
$554
2015$21,930 + $5,640
$27,570
$568
2014$21,930 + $5,640
$27,570
$824
2012$33,320 + $3,290
$36,610
$730
2011$33,320 + $3,290
$36,610
$700
2007$19,790 + $3,290
$23,080
$374

Listed 2024-03-15
$117,900
NorthEastIARegional
Listing removed 2024-02-13
$0
NorthEastIARegional
Listed 2023-09-12
$124,900
NorthEastIARegional
Sold 2008-09-30
$65,000
Public Record

Total Square Feet Living: 1558
Year Built: 1910
Building Exterior Type: Wood
Property Age: 114
Roof: Asphalt
House Style: 2 Stories
Total Area Lower: 689
Total Area Main: 869

Sewer: City
Elec Individual Meters
Water Source: City
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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.