408 S Knapp Street A & B
$125,000
408 S Knapp Street A & B Iowa, LA 70647
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About this listing
INVESTOR SPECIAL! This updated duplex in Iowa presents an exceptional opportunity with both properties currently leased for $725 a month, with tenants responsible for a $125 utility reimbursement. Situated on a spacious lot, this duplex offers potential for additional units. Each side features 2 bedrooms and 1 bathroom, showcasing recent updates including a new roof, sheetrock, interior and exterior paint, cabinets, fixtures, and flooring. The AC units are just 3 years old, and new vinyl siding adorns the exterior, complemented by all-new bathrooms. Both units are move-in ready and have previously commanded rents of $750-$800 per side. Notably, there's only one meter for both units, and the city has confirmed the possibility of adding 2 mobile homes or another home behind the duplex. With flood zone AE designation, current flood insurance stands at $480 per year, and the seller is willing to transfer this to the new buyer if permitted by insurance regulations. The property is currently tenant-occupied, so kindly provide 24-hour notice for all showings. Don't miss this opportunity?make your offer today! Measurements are M/L
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Lot Area
0.37 acres
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Year Built
1970
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MLS ID
SWL24001548
