408 S Knapp Street A & B, Iowa, LA
Multi-family for Sale - $125,000
Agent Info
Claudia Ingle Coldwell Banker Commercial Ingle Safari Realty |
Property Info
CIMLS# | 1157033 |
Location 408 S Knapp Street A & B Iowa LA 70647 | |
Updated | April 10th, 2024 |
Type | Multi-family |
Price | $125,000 |
Property Description
INVESTOR SPECIAL! This updated duplex in Iowa presents an exceptional opportunity with both properties currently leased for $725 a month, with tenants responsible for a $125 utility reimbursement. Situated on a spacious lot, this duplex offers potential for additional units. Each side features 2 bedrooms and 1 bathroom, showcasing recent updates including a new roof, sheetrock, interior and exterior paint, cabinets, fixtures, and flooring. The AC units are just 3 years old, and new vinyl siding adorns the exterior, complemented by all-new bathrooms. Both units are move-in ready and have previously commanded rents of $750-$800 per side. Notably, there's only one meter for both units, and the city has confirmed the possibility of adding 2 mobile homes or another home behind the duplex. With flood zone AE designation, current flood insurance stands at $480 per year, and the seller is willing to transfer this to the new buyer if permitted by insurance regulations. The property is currently tenant-occupied, so kindly provide 24-hour notice for all showings. Don't miss this opportunity?make your offer today! Measurements are M/L