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$235,000   Price Analysis
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914 and 916 Mechanic St
Osage, IA 50461
4 bed 4 bath 2,184 SqFt ($107/SqFt)
8,712SqFt lot. Built 2018
Listed 2024-04-12
USDA Eligible
near Osage, IA
 Restrictions may apply
due to home size

Here is a wonderful opportunity to own a PRISTINE duplex investment property.

The exterior has vinyl siding, modern windows, front and rear patios and a double garage. Both units are completely separated from the other. Each side is two bedrooms, 1.5 baths, second floor laundries and have 1092 square feet. On the main floor is a large livng room/dining area, a modern kitchen with sit-up bar and a 1/2 bath. The kitchen has a complete set of appliances including a built-in dishwasher and microwave.

Upstairs are two bedrooms, a full bath with tub/shower and a laundry closet with a stack washer/dryer. Mechanicals are easily accessible on the main floor and include forced air heating with central air and water softeners. Both units are currently occupied so you will have immediate rental income. At some point, you could consider living in half while renting the other half out. Closing can be quick. This would also work well in filling an exchange package.


Presented by Philip Kolbet at
Kolbet Realtors.
Listing Agent Photo

Property MLS #20241432 from NorthEastIARegional

Bedrooms: 4

Laundry Facilities: 2nd Floor, Hall, Laundry Closet

Cooling Features: Central Air
Heating Features: Forced Air, Gas
Heating Fuel: Natural Gas

Full Bathrooms: 4

Basement Description: Floor Drain, Slab

Curbs/Sidewalks
Landscaping
Patio
Road Frontage Type: Hard Surface Road

Lot Description: Level
Lot Size Acres: 0.2
Lot Size Dimensions: 66x132
Lot Size Square Feet: 8712

Garage Spaces: 2
Garage Description: Detached
Off Street Parking: 2
Parking Features: Garage, On Street

Elementary School: Osage
High School: Osage
Middle School: Osage

Lincoln Elementary School is a public elementary school located approximately 0.3 miles away.
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Osage High School is a public high school located approximately 0.6 miles away.
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Osage Middle School is a public elementary and middle school located approximately 0.6 miles away.
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Sacred Heart Elementary School is a private elementary school located approximately 0.3 miles away.
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Gross Income: 18600
Tenant Pays: Electric, Garbage, Gas, Heat, Trash, Water

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1.5
Total Bathrooms in Unit-2: 1.5
Unit 1 Total Actual Rent: 800
Unit 2 Total Actual Rent: 750

Annual Tax Amount: 2512
Source Listing Status: ACTIVE
Source Property Type: MULTI-UNIT
Area: Mitchell
Source Neighborhood: Mitchell
Parcel Number: 1024361003
State Region: Outside the Metro Area
Zoning: R-2
Flood Plain: Not in Flood Plain
Property Subtype: Duplex
Source System Name: C2C

Price Changed 2024-05-21
$235,000
NorthEastIARegional
Listed 2024-04-12
$250,000
NorthEastIARegional

Total Square Feet Living: 2184
Year Built: 2018
Building Exterior Type: Vinyl
Property Age: 6
Roof: Asphalt
House Style: 2 Stories, Duplex
Total Area Main: 1160

Sewer: City
Elec Individual Meters
Garbage Pd by Individual
Gas Individual Meters
Separate Meters
Water 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.