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Sold on 04/26/2018
Craig Moroney of RE/MAX Independence Realty
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701-705 3rd Ave N E, Independence, IA 50644

$97,250

Last sold 04/26/2018 after 209 Days

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    bed

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    bath

Multi-family not for sale
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About 701-705 3rd Ave N E

Property type Multi-family
Year built 1881
HOA fee $0/month
Lot size 0.31 Acre
Rental estimate
Property description
This multi-unit investment property brings in $2,150 in rent/month. A two-story structure features a large 3 bedroom, 2 bath apartment on the main floor and two 1-bedroom apartments on the 2nd floor. New boiler. All stoves and refrigerators included. The property also includes a 1 bedroom bungalow with newer roof.
Listed by
Listing Agent - Craig Moroney
Listing Office - RE/MAX Independence Realty
Source: Northeast Iowa Regional BOR mls logo
MLS#20175436 • last updated 2 years ago
Movoto checked Northeast Iowa Regional BOR for data 4 hours ago
Overview
Cooling/AC None
Heating Gas, Steam
Levels/Style One Story, Two Story
Type Residential Income
Lot Size (Acres) 0.308
Year Built 1881
Interior
Basement Block, Concrete, Stone/Rock
Laundry 1st Floor
Exterior
Construction Vinyl Siding
# Open Parking Spaces 4
Exterior Features Patio, Porch
Lot Desc Corner Lot
Amenities / Utilities
Sewer/ Septic City Sewer
Utilities Electric In Rent, Garbage In Rent, Gas In Rent, Water In Rent
Water Source City
Location
County Buchanan
Elementary School Independence
High School Independence
Middle School Independence
Zoning R-2
Multifamily Details
Tenant Pays None
Expense: Water/ Sewer 139
Gross Income 2150
Expense: Electricity 163
Lot/ Land Details
Road Frontage Hard Surface Road
Rental est.: $1,350/month
Gross rent multiplier: 6.0 - Great
  • Jun 2018
    mls logo MLS # 20175436
  • Jun 29, 2018 Sold
    $97,250 (-2.8%)
  • Sep 29, 2017 Listed
    $100,000
  • Year Property taxes Tax assessment
  • 2023
    $2,122 +8.9%
    $109,150 +38.87%
  • 2021
    $1,948 -8.9%
    $78,600
  • 2020
    $2,138 -6.8%
    $78,600
  • 2019
    $2,294
    $78,600
  • 701-705 3rd Ave N E
    $97.2K
  • —
  • 50644
    $235K -11% y/y
  • Independence
    $235K -11% y/y
No chart available
Statistics calculated by Movoto

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N/A
East Elementary School
public Grades K-2
Independence Community School District
7/10
West Elementary School
public Grades 3-6
Independence Community School District
5/10
Independence Junior Senior High School
public Grades 7-12
Independence Community School District
Source: GreatSchools.org © 2026. All rights reserved.

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