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4 bed, 2 bath ·  2000 sqft ·  BUILT 1902


REFERRAL PROGRAM

Refer someone to Turnkey Iowa. If this leads to a sale, you receive $500 for the first property. Any subsequent properties, you receive $250.

This is a large, two story home with 2 bedrooms and 1 full bathroom upstairs, and 2 bedrooms and 1 full bathroom downstairs. The previous owner was using the home as a non-conforming duplex. Due to city code regulations, the home was converted back to a single-family home and classified as such. The upstairs kitchen was removed, and converted into a spacious laundry room. There is a living room on both floors, as well as a dining room downstairs. One of the upstairs living rooms could be used as a fifth bedroom if desired. The basement is unfinished and would be ideal for storage. PTAC units were added on each level of the home for both heating and air conditioning.

As with all of our Turnkey properties, we have tried to remove much of the deferred maintenance throughout the home.

Please be sure check out the below document for an overview of what has been completed, as well as the ages of all major systems.


MARKEt RENT

$1,875

Cap Rate

6.2%

neighborhood

2 Star


CASH PURCHASE

annual profit

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ANNUAL Rate of return

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FINANCED PURCHASE

ANNUAL profit

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ANNUAL Rate of return

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