Take a look at this excellent investment opportunity near downtown Fayette! With a cap rate of over 14%, this would be great for your investment portfolio! This fully occupied 4-unit residential property features 2 buildings with 2 units each. Newer steel roof, separate utilities and off street parking make it easy for tenants. The main level has been updated with refinished hardwood floors and replacement windows in all units. Seller has two other duplexes for sale that can also be added to make this a great deal - 300 Jones MLS #20233891 and 507 King MLS#20233890. Call for more information today!
Sold for $138,000
$138,000
404 S Main St, Fayette, IA 52142
--beds
--baths
3,489sqft
Quadruplex
Built in 1915
-- sqft lot
$163,800 Zestimate®
$40/sqft
$824 Estimated rent
Home value
$163,800
$147,000 - $183,000
$824/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$824/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$824/mo
Rent Zestimate®
Refinance and save
$930/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$930/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: August 05, 2024 at 01:17pm
Listed by:
Theodore A Kerndt 563-380-1415,
Viking Realtors
Bought with:
Theodore A Kerndt, B38984000
Viking Realtors
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20233889
Facts & features
Interior
Heating
- Electric, Steam
Cooling
- Window Unit(s)
Appliances
- Laundry: 1st Floor
Features
- Basement: Concrete
Interior area
- Total structure area: 3,489
- Total interior livable area: 3,489 sqft
- Finished area above ground: 2,638
- Finished area below ground: 1,216
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Carport
- Uncovered spaces: 8
Features
- Levels: One and One Half
- Patio & porch: Deck-Multi-Level, Patio
Lot
- Size: 9,000 sqft
- Dimensions: 75' x 120'
- Features: Level
Details
- Parcel number: 1128166005
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Block, Vinyl Siding, Wood Siding
- Roof: Metal
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Elec Individual Meters
Community & neighborhood
Location
- Region: Fayette
Other
Other facts
- Road surface type: Hard Surface Road
Price history
| Date | Event | Price |
|---|---|---|
| 2/9/2024 | Sold | $138,000-21.1%$40/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20233889 Report a problem | ||
| 1/30/2024 | Pending sale | $174,900$50/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20233889 Report a problem | ||
| 9/12/2023 | Listed for sale | $174,900$50/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20233889 Report a problem | ||
| 3/19/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/5/2021 | Listed for rent | $350-12.5% |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,560 +12.8% | $148,380 |
| 2023 | $2,270 +4.8% | $148,380 +25.5% |
| 2022 | $2,166 -10% | $118,220 |
Find assessor info on the county website
Neighborhood: 52142
Nearby schools
GreatSchools rating
- NANorth Fayette Elementary Fayette CenterGrades: 4-5Distance: 0.2 mi
- 6/10North Fayette Valley Middle SchoolGrades: 6-8Distance: 11.8 mi
- 6/10North Fayette Valley High SchoolGrades: 9-12Distance: 8.9 mi
Schools provided by the listing agent
- Elementary: North Fayette
- Middle: North Fayette
- High: North Fayette
Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Iowa
- Fayette County
- Fayette
- 52142
- 404 S Main St