51046, IA Paullina, 414,418-420,422 N Willow St

General Description

5-Plex Property. All units are occupied. 414: (Green Home) 3 bed, 1 full bath. Baseboard electric heat, p-tac cooling unit, electric 20 gallon water heater, LVP flooring, stove included, steel roof, updated vinyl sliders on most windows. Occupied and Rents for $700/mo.418: (Tan Home) 1 bed, 1 full. bath. Mini-split a/c unit. Occupied and Rents for $525/mo. 420: (Tan Home) 2 bed, 1 full. bath. Window a/c. Occupied and Rents for $675/mo. 422: (Blue Home) 1 bed, 1 full bath. Mini-split a/c unit. Updated unit. Vinyl Flooring. Occupied andRents for $500/mo. 424: (Blue Home) 2 bed, 1 full bath. Vinyl sliders for windows, not updated. Occupied and Rents for $675/mo. Four Garage Units: all have updated doors and automatic openers. Yields $150/month. Tenant Pays for their own utilities. Total Income = $3,225/month. Expenses = $612/month (Insurance, Property Taxes, Mowing, Snow Removal, Electric. Additional expenses are property mgmt, repairs/maintenance, renovations.

Legal: METCALF'S FIRST ADD S 20' OF LOT 2 AND N 40' OF LOT 3 BLK 9 & LOT 2 EXC N 115' AND EXC S 20' BLOCK 9 & N 115' OF LOT 2BLOCK 9