414,418-420,422 N Willow, Paullina, IA 51046
414,418-420,422 N Willow, Paullina, IA 51046
414,418-420,422 N Willow, Paullina, IA 51046
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Michelle Maloney

Michelle Maloney

+1(605) 677-9006
$295,000
Est. payment /mo
9 Beds
5 Baths
1,125 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,125 sqft

Price per Sqft $262

MLS Listing ID 835022

Bedrooms 9

Full Baths 5

Year Built 1975

Annual Tax Amount $2,916

Tax Year 2025

Lot Size 0.770 Acres

Acres 0.77

Property Sub-Type Multi-Unit

Property Description

Investment property opportunity deserving serious consideration! Total of 5 units within 3 separate buildings & all are rented. Your tenants have the benefit of available garage units for rent. Summary for each unit: #414: (Green home-south unit) 3 bedrooms, 1 full bath. Baseboard electric heat, p-tac cooling unit, stove & frig included, steel roof, updated vinyl sliders on most windows. Currently rents for $700/month. #418: (Tan home-center building) 1 bedroom, 1 full bath. Mini-split a/c unit. Currently rents for $550/month. #420: (Tan home-center building) 2 bedrooms, 1 full bath, window a/c unit. Currently rents for $675/month. #422: (Blue home-north building) 1 bedroom, 1 full bath. Mini-split a/c unit. Updated unit. Currently rents for $550/month. #424: (Blue home-north building) 2 bedroom, 1 full bath. Vinyl sliders for windows, not updated. Currently rents for $675/month. 7 garage units: two are vacant. Four have updated doors and automatic openers. Yields $160/month. Tenant pays their own utilities. Total Income = $3150/month (doesn't include garage rental at $50 per unit). Expenses = $612/month (insurance, property taxes, mowing, snow removal, electric). Additional expenses are property management, repairs/maintence, renovations.

Location

State IA

County O’brien

Area Surrounding Areas/Other Areas

Zoning Res

Multi-Unit Info

Total Units 5

Unit 1 Information SqFt: 1021; Bedroom: 3; Bathroom: 1; FullBath: 1

Unit 2 Information SqFt: 562; Bedroom: 1; Bathroom: 1; FullBath: 1

Unit 3 Information SqFt: 563; Bedroom: 2; Bathroom: 1; FullBath: 1

Unit 4 Information SqFt: 830; Bedroom: 1; Bathroom: 1; FullBath: 1

Interior

Heating Baseboard

Cooling Other-See Comments

Exterior

Parking Features Detached, Other-See Comments

Garage Spaces 7.0

Building

Sewer City

Water City

Schools

Elementary Schools Primghar

Middle Schools Primghar

High Schools Paullina

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Listed by Northwest Realty

Nearby School & Business

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Michelle Maloney

Michelle Maloney

+1(605) 677-9006

Broker License ID: 14315

Broker License ID: 14315

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