Proven investment opportunity! This well-maintained property close to downtown offers 5 units with a variety of apartment sizes. The main level features a 2-bedroom and an efficiency apartment. The second level has two 1-bedroom units, and the walk-up attic is finished into a spacious 1-bedroom apartment. A clean, dry basement provides easy access to the mechanicals and utilities. Gravel off-street parking and on-street parking available. Newer siding (2015). New metal roof and most windows replaced (2020-2021). Great location just blocks from downtown shopping, entertainment, parks, churches, and more. This turn-key investment is fully leased, and ready for new ownership!
The north unit of this duplex rents for $550 per month and is a 1 bedroom, 1 bathroom unit and the tenant pays the utilities and this is a month to month lease and the landlord owns the stove and the refrigerator. is the tenants. The south unit is 2 bedrooms and 1 bathroom and has a new furnace, breaker service, main level laundry, new flooring and paint and living room floor joists. This unit is currently renting, and is renting for $850 monthly and the tenant pays all utilities. The utilities are all split on this duplex. The property taxes are $870 per year and the property insurance $1822.15 yearly.
Charles City is located in Iowa. Charles City, Iowa has a population of 7,399. Charles City is less family-centric than the surrounding county with 29.18% of the households containing married families with children. The county average for households married with children is 29.67%.
The median household income in Charles City, Iowa is $44,775. The median household income for the surrounding county is $55,827 compared to the national median of $69,021. The median age of people living in Charles City is 41.5 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 35.3 inches per year, with 35.8 inches of snow per year.