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$285,000   Price Analysis
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118 W Elm St
Sigourney, IA 52591
Unknown bed 1 bath 3,364 SqFt ($84/SqFt)
4,356SqFt lot. Built 1946
Listed 2024-05-10, Taxes $886
USDA Eligible
near Sigourney, IA
 Restrictions may apply
due to home size

Welcome to your next investment opportunity!

This property includes two buildings on one parcel, offering diverse income with minimal maintenance. With a tax abatement in place until Please note our newly improved price to reflect owners motivation to sell Main Building: 5-Plex Configuration: Two levels of living spaces. Main Level: Two 2bed/1bath apartments. Upstairs: One 1bed/1bath unit and another 1bed/1bath unit with an extra room, ideal for an office. Basement: On-site laundry facilities and a studi apartment, perfect for renting or a live-in superintendent. Features: Renovated in 2021: Modern amenities and aesthetic appeal. Income Potential: Various unit sizes and configurations attract a wide range of tenants.

Convenience: On-site laundry and a superintendent's suite enhance tenant satisfaction and security. Duplex: Two-Unit Structure: Over-under layout with two 2bed/1bath units. Spacious Living Areas: Large kitchen and living spaces. In-Unit Laundry: Each unit has its own washer and dryer. Additional Information: Occupancy: All units are occupied, providing immediate income. (24-hour notice required for showings) Low Maintenance: Recent renovations and in-unit laundry reduce upkeep. Parking: Off-street parking available. Location: Prime spot, one block from the city square and two bloc ks from the local grocery. This property is ideal for both seasoned investors and newcomers, offering reliable income and growth potential. Don't miss this chance to own a lucrative investment property. One of the sellers is licensed to sell real estate in Iowa.


Presented by MK Gibson at
Iowa Realty - Coralville.
Listing Agent Photo

Property MLS #202402711 from IowaCity

Total Bathrooms: 1
Full Bathrooms: 1

CableAvailable
Flooring: Wood, Tile, Vinyl, Laminate

RangeOrOven
Refrigerator
Dryer
Washer
Laundry Features: InBasement, InKitchen

Basement Features: SumpPump, Partial, Daylight
Basement Description: SumpPump, Partial, Daylight

Heating Features: ForcedAir

Lot Size Acres: 0.1
Lot Size Dimensions: 33x132
Lot Size Square Feet: 4356

Garage Spaces: 4
Parking Features: OffStreet
Parking Total: 4

Sidewalks
StreetLights
Community Features: Sidewalks, StreetLights

Elementary School: Sigourney
High School: Sigourney
Middle School: Sigourney

Sigourney Elementary School is a public elementary school located approximately 0.4 miles away.
directions icon Map directions

Sigourney Jr-Sr High School is a public middle and high school located approximately 0.7 miles away.
directions icon Map directions

Gross Income: 50100

Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1200

Number of Units: 7

Annual Tax Amount: 1104
Source Listing Status: Active
County: Keokuk
Directions: Take IA92/IA149 into sigourney - it turns into E Jackson St. Turn onto N Stuart Street Parking is off road gravel on the left hand side of N. Stuart right before W. Elm
Tax Year: 2022
Source Property Type: Residential
Insurance Expense: 2000
Area: WashingtonArea
Source Neighborhood: SGCOS - SIGOURNEY CITY/SI
Parcel Number: SGCOS-009700
Subdivision: SGCOS - SIGOURNEY CITY/SI
Zoning: Residential
Property Subtype: MultiFamily
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$49,000 + $4,290
$53,290
$886
2021$33,440 + $4,290
$37,730
$888
2020$32,880 + $3,630
$36,510
$3,270
2019$117,620 + $3,630
$121,250
$4,432
2018$101,880 + $3,630
$105,510
$6,343
2017$101,880 + $3,630
$105,510
$7,808
2016$95,267 + $3,920
$99,187
$3,798
2014$95,267 + $3,920
$99,187
$4,136
2013$95,267 + $3,920
$99,187
$4,106
2012$88,210 + $3,630
$91,840
$4,492
2011$88,210 + $3,630
$91,840
$4,510
2007$89,390 + $3,630
$93,020
$4,162
2005$unknown + $unknown
$74,183
$5,358

Price Changed 2024-08-01
$285,000
IowaCity
Price Changed 2024-08-01
$285,000
IowaCity
Listed 2024-05-10
$299,000
IowaCity
Listed 2024-05-10
$299,000
IowaCity

Operating Expense: 9860

Year Built: 1946
Above Grade Finished Area: 2048
BelowGradeFinishedArea: 1316
Construction Materials: AluminumSiding, Stucco, Vinyl, ConcreteBlocks, Steel, Frame
Property Age: 78
Total Above Grade Sqft Area: 2048
Total Area Lower: 1316

Electric Expense: 660
CitySewer
CityWater
Water Sewer Expense: 6000
Click Thumbnail Images To View Full Size
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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.