Investors special

Lots of potential! This was a passion project for current owner. Property has not been lived in since current owners have owner it, looking for someone to carry on the project. All units are deeded as cndominiums. The seller owns all 15 units and would like to sell them as a portfolio. 11 of the 15 units have been remodeled with amish craftsmanship, quality and uniqueness.

The 4 others are down to studs and would need to be finished by new buyer. Lots of materials there to help finish the units. The common area has also been remodeled. All units are located on the second level of the Jewel building located across from the court house in downtown Newton. Total sq footage of all units is 7, 693. There are 2 entrances into the building, one off 1st Ave, one off 1st street. All information obtained from seller and public records.

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on 104 1st Ave E Apt 1
in Newton, IA
Presented by Scot Bergman at
Agency Iowa.


Property MLS #692679 from DesMoines

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+ Bedrooms

Bedrooms: 0

+ Bathrooms

Total Bathrooms: 14.00
Full Bathrooms: 14
Full Bathrooms On Level 1: 10
Full Bathrooms On Level 2: 1

+ Heating and Cooling

Cooling Features: Central
Heating Features: Electric Forced Air

+ Homeowners Association

Association: Yes
Association Fee: 6400
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 533

+ Multi-Unit Info

Number of Units: 15
Number of Studio Units: 4
Number of 1 Bedroom Units: 10
Number of 2 Bedroom Units: 1
Full Bathrooms in the Studio Units: 3
Half Bathrooms in the 2 Bedroom Units: 1

+ School Information

School District: Newton
+ Display Complete School Details

Newton Senior High School is a public high school located approximately 0.6 miles away.
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Woodrow Wilson Elementary School is a public elementary school located approximately 0.7 miles away.
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Berg Middle School is a public elementary and middle school located approximately 1.4 miles away.
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Newton Christian School is a private elementary and middle school located approximately 1.4 miles away.
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+ Other Property Info

Annual Tax Amount: 9434.82
Source Listing Status: Active
County: Jasper
Directions: From US-6 E, turn right onto 1st Ave W, building on the left.
Source Property Type: Multi-Family
Area: Newton
Source Neighborhood: Newton
Parcel Number: 0834142001
Postal Code Plus 4: 3750
Zoning: Resid
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$20,950 + $1,000 $21,950	$476
2021	$19,680 + $1,000 $20,680	$290
2020	$10,960 + $1,000 $11,960	$286
2019	$10,960 + $1,000 $11,960	$260
2018	$9,370 + $1,000 $10,370	$252
2017	$9,370 + $1,000 $10,370	$704
2015	$9,370 + $1,000 $10,370	$242
2015	$9,370 + $1,000 $10,370	$242
2014	$9,370 + $1,000 $10,370	$228
2013	$9,370 + $1,000 $10,370	$218
2012	$9,760 + $1,000 $10,760	$218
2011	$9,760 + $1,000 $10,760	$601

+ Reveal Property Sale History

Listed 2024-04-05
$699,000
DesMoines

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Listing removed 2023-12-17
$0
DesMoines

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Listed 2023-06-15
$725,000
DesMoines

+ Building and Construction

Total Square Feet Living: 514
Year Built: 1900
Property Age: 124
Total Area Sqft: 514

+ Utilities

Sewer: City
Water Source: City