Joe Lindsay
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Situated on a large 125X150 corner lot in the quaint Mason County town of Mason City, this expansive aluminum sided two story four-unit multi-family property has a lot to offer at a practical price! Two main floor units as well as two upper-level units -- all have shared coin operated laundry facilities located on main floor. One main floor unit (1) has two bedrooms -- the other (2) has one bedroom. Both tenants pay for own Ameren (gas/electric) -- sellers cover water, sewer, and garbage. Unit #2 is currently vacant -- unit #1 is currently rented for $725.00/month. One upper-level unit (4) has two bedrooms -- the other (3) has one bedroom. Upper-level tenants rent includes Ameren (gas/electric) -- seller also covers water, sewer, and garbage. Unit #3 is currently rented for $825.00/month -- unit #4 is currently rented for $750.00/month. Main floor units have separate furnaces as well as a central air conditioning units -- upper-level units share a furnace and have window air conditioning (no central air upstairs). Enclosed back porch/laundry area has electric baseboard heat. All range/ovens (4) as well as refrigerators (4) are owned by sellers. Property also features a partial basement, covered front porch, two water heaters, various vinyl replacement windows throughout, and ample rear as well as side off-street parking. Various improvements throughout in recent years make this small-town income producing property all the more desirable! A super solid buy!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Mason
High School: Illini Central
Subdivision: None
Listed By:
ME Realty
RMLSA
MLS ID: CA1042522
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705 E Chestnut Street, Mason City, IL 62664.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $150,000 | $150,000 | $150,000 |
| Down Payment | $30,000 | $5,250 | $37,500 |
| Monthly Mortgage Amount | $700 | $883 | $912 |
| Taxes | $209 | $209 | $209 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $66 | $0 |
| Monthly Estimated Total | $1,009 | $1,258 | $1,221 |
Joe Lindsay
REALTOR®
Office: (563) 441-5044
Cell: (563) 650-0282
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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