Fully Renovated Duplex in Rock Rapids, IA! An exceptional opportunity awaits with this completely renovated and reconstructed duplex, built from the ground up with quality, efficiency, and functionality in mind. Located in the heart of Rock Rapids, IA, this property is ideal for both investors and owner-occupants looking to offset their mortgage by renting out one unit. Each unit offers 1,110 sq ft of living space, featuring 3 bedrooms and 2 bathrooms, including a spacious primary suite with en-suite bath and walk-in closet. Thoughtfully designed for modern living, both units boast open layouts and updated finishes throughout. Garage & Mechanical Highlights: Lower unit includes an attached, insulated, and heated 2-stall garage with a convenient floor drain. Upper unit includes a detached, insulated, and heated 2-stall garage. Both units have separate HVAC systems, water heaters, and individual utility meters for optimal efficiency and independence. All appliances are new or refurbished models bought in 2024 and are included. This includes all kitchen appliances as well as washer and dryer. Investment Incentive: This property currently qualifies for a 100% tax exemption on the first $75,000 of improvements for a period of five yearsâ??the first year being calculated on the 2024 tax assessment. This rare incentive adds significant value and long-term savings for the new owner. Occupancy & Income Potential: Both units are currently occupied, offering immediate rental income. Perfect setup to live in one unit and rent the other to dramatically reduce your monthly expenses while building equity. Don't miss this turnkey, income-producing property in a welcoming Iowa community. Whether you're a savvy investor or a homeowner looking for a smart way to live affordably, this duplex delivers value, versatility, and long-term benefits.
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Rock Rapids is located in Iowa. Rock Rapids, Iowa has a population of 2,604. Rock Rapids is less family-centric than the surrounding county with 40.03% of the households containing married families with children. The county average for households married with children is 43.06%.
The median household income in Rock Rapids, Iowa is $66,473. The median household income for the surrounding county is $69,113 compared to the national median of $69,021. The median age of people living in Rock Rapids is 39 years.
The average high temperature in July is 84.4 degrees, with an average low temperature in January of 6.2 degrees. The average rainfall is approximately 28.8 inches per year, with 34.5 inches of snow per year.
