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$180,000   Price Analysis
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226 Palmer Dr
Waterloo, IA 50702
Unknown bed None bath 3,012 SqFt ($59/SqFt)
6,534SqFt lot. Built 1965
Listed 2024-06-04, Taxes $3,498		Ⓧ USDA Ineligible
due to location
near Waterloo

Nice upgrades such as LVP flooring.

Property could be sold as a pa ckage deal with 2 additional 4 plexes in the same complex 215 Miriam Drive and 238 Palmer Drive. 100% Occupied 4 Unit Apartment Building. Gross Rents $2700 per month. Property to be sold as is. Buyer's inspections for informational purposes only.

Bedroom and bathroom count and utilities to be confirmed by buyer. Seller financing available for a qualified buyer with $40, 000 down payment. Monthly Rent Roll: Unit A: $675.00 Unit B: $675.00 Unit C: $620 Unit D: $675 Totl yearly gross income: $31, 740 Expenses: Tenants paying Electric, Gas, Water


Presented by Lucas Burrington at
Burrington Real Estate.


Property MLS #20242298 from NorthEastIARegional

Cooling Features: Gas
Heating Fuel: Natural Gas

Basement Description: Brick

Lot Size Acres: 0.15
Lot Size Dimensions: 0.150
Lot Size Square Feet: 6534

Off Street Parking: 4
Parking Features: Parking Spaces

Elementary School: Kittrell Elementary
High School: West High
Middle School: Hoover Intermediate

Kingsley Elementary School is a public elementary school located approximately 0.4 miles away.
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West High School is a public high school located approximately 0.6 miles away.
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Hoover Middle School is a public middle school located approximately 1.1 miles away.
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St Edward School is a private elementary and middle school located approximately 0.2 miles away.
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Number of Units: 4

Tenant Pays: Electric, Gas, Water

Annual Tax Amount: 3050
Source Listing Status: ACTIVE
Source Property Type: MULTI-UNIT
Area: Black Hawk
Source Neighborhood: Black Hawk
Parcel Number: 891335157020
State Region: Waterloo South 1
Zoning: R-3
Flood Plain: Not in Flood Plain
Property Subtype: Fourplex
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$128,970 + $9,920
$138,890		$3,498
2021$128,970 + $9,920
$138,890		$3,764
2020$128,970 + $9,920
$138,890		$4,004
2019$128,970 + $unknown
$128,970		$4,114
2018$128,970 + $unknown
$128,970		$4,384
2017$128,970 + $unknown
$128,970		$4,622
2016$128,970 + $unknown
$128,970		$4,886
2015$128,970 + $unknown
$128,970		$5,186
2014$128,970 + $9,920
$138,890		$5,464
2013$128,970 + $9,920
$138,890		$5,640
2012$128,970 + $9,920
$138,890		$5,776
2011$128,970 + $9,920
$138,890		$6,149
2010$131,690 + $12,360
$144,050		$6,159
2008$131,690 + $12,360
$144,050		$6,224

Listed 2024-06-04
$180,000
NorthEastIARegional
Listed 2024-03-11
$180,000
CedarRapids
Listing removed 2021-09-18
$0
NorthEastIARegional
Listed 2021-07-30
$105,000
NorthEastIARegional

Total Square Feet Living: 3012
Year Built: 1965
Building Exterior Type: Vinyl
Property Age: 59
Roof: Flat

Sewer: City
Elec Individual Meters
Water Individual Meters
Water Source: City
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bathroombathroombedroom

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.