Purpose-built fourplex featuring four 1-bedroom, 1-bath units renting for $700/month each. Three units are occupied with one vacant unit offering excellent house hack potential. Landlord currently pays utilities. Great opportunity for investors or owner-occupants seeking immediate income and upside.
Located at 412 S 2nd Ave E in Newton, this versatile two-story property offers exceptional flexibility for a homeowner or investor alike. Recent exterior updates provide peace of mind and curb appeal, including a new roof installed in 2023 and new siding completed in 2024. Rear alley access allows for the potential addition of a garage. The home can function as a single-family residence with four total bedrooms, or as an up-and-down duplex with separate private entrances. The upper level has been remodeled with modern finishes and features a nicely updated kitchen with new black appliances that stay, including a microwave, refrigerator, and gas stove, along with a nice-sized living room and two bedrooms. The upper unit is accessed by a charming, original wooden stairwell and showcases unique, original wooden flooring, adding character and warmth. The main-level apartment offers a large kitchen and includes a white refrigerator and white stove with the sale, along with a nice newer Lennox furnace serving the main floor apartment. Newer windows are found throughout the home with the exception of one window in the main living area. Both levels include their own laundry hookups and are connected by a lockable pass-through door, making the layout ideal for multi-generational living while still maintaining privacy. The property is served by separate gas and water meters, providing added flexibility for tenants or multi-family use.
This property is a two-family conversion home featuring two units with private entrances, two-car detached garage and an additional storage building. The exterior has been updated with new shingles and siding. Many recent interior upgrades, new appliances and new electric service and panels. The larger front unit features three bedrooms and one full bath. This unit has laundry hook up and also all appliances including a dishwasher. This is a very spacious rental with nice finishes including beautiful woodwork. The back unit has also been upgraded with a new water heater and a new mini split unit. All appliances included as well. Full unfinished basement. Both units currently rented. Schedule your showing today!
Newton is located in Iowa. Newton, Iowa has a population of 15,688. Newton is less family-centric than the surrounding county with 25.64% of the households containing married families with children. The county average for households married with children is 29.28%.
The median household income in Newton, Iowa is $51,026. The median household income for the surrounding county is $63,182 compared to the national median of $69,021. The median age of people living in Newton is 40.6 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 10.4 degrees. The average rainfall is approximately 35.9 inches per year, with 27.9 inches of snow per year.
