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Listing Courtesy of: (515) 402-3169 - Kalen Ludwig - Peoples Company 515-222-1347

For Sale

$719,900

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1401 E 28th Street
Unit 112 &113 Norwalk, IA 50211

Cluster Residence

4 Beds

4 Baths

4/4 Bed/Bath

2,690 Sq. Ft.

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Last updated on 3/4/2025 11:18 PM

Listing Details

Prime investment opportunity in Silver Estates, Norwalk! This fully leased one-story duplex at 1401 E 28th St, Units 112 & 113, is priced at $719,900 and generates $54,720 in annual income with a $39,494 NOI (5.49% cap rate). Unit 112 offers 1,305 SF, while Unit 113 features 1,385 SF, both with 2 be...drooms, 2 bathrooms, modern kitchens with quartz countertops, tile backsplashes, stainless steel appliances, and large islands. Open-concept living areas boast gas fireplaces, luxury vinyl plank flooring, and seamless access to covered decks. The primary suites include spacious walk-in closets, dual vanities, and tile showers. Each unit also offers an unfinished basement for future expansion, a dedicated laundry room, and a 2-car attached garage. The HOA ($460/month) covers exterior maintenance, lawn care, snow removal, and insurance for a hassle-free investment. With distinctive curb appeal, front porches, and a prime location in a growing community, this property is an excellent opportunity for investors or future owner-occupancy. A partial tax abatement adds even more value. Don’t miss out on this turnkey duplex with strong cash flow and low maintenance! Continue reading

MLS#

685374

Property Type

Cluster

Bedrooms

Bathrooms

2 Full/2 Three-Qtr

Year Built

2022

HOA Fee

$460 Monthly

Square Feet