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Sold on 07/22/2024
Phillip Shirk of AWRE - Commercial & Development

1207 Meadow Ln, Waterloo, IA 50701

$500,000

Last sold 07/22/2024 after 12 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 1207 Meadow Ln

Property type Multi-family
Year built 1974
HOA fee $0/month
Lot size 0.5 Acre
Rental estimate
Property description
Opportunity Awaits! This well-maintained 8-plex is perfect for starting or expanding your real estate portfolio. Featuring eight 1-bed, 1-bath units, with common area washer/dryer and detached garages. The property's prime location makes it an attractive option for tenants, ensuring strong rental potential. With over $55,000 in gross income, this turnkey property offers steady cash flow and potential appreciation. Don't miss this chance to own a quality multi-family complex.
Listed by
Listing Agent - Phillip Shirk
Listing Office - AWRE - Commercial & Development
Source: Northeast Iowa Regional BOR mls logo
MLS#20242961 • last updated 2 years ago
Movoto checked Northeast Iowa Regional BOR for data 23 minutes ago
Overview
Cooling/AC Central Air
Type Residential Income
Year Built 1974
Interior
Basement Crawl Space
Laundry 1st Floor, Dryer Hookup-Gas, Washer Hookup
Exterior
Construction Vinyl Siding
# Open Parking Spaces 7
Amenities / Utilities
Sewer/ Septic City Sewer
Utilities Cable Paid By Individual
Water Source City
Location
County Black Hawk
Elementary School Lou Henry
High School West High
Middle School Hoover Intermediate
Zoning R-4
Multifamily Details
Tenant Pays Electricity, Gas, Heat
Expense: Water/ Sewer 2904
Gross Income 55380
Rental est.: $620/month
Gross rent multiplier: 67.2
  • Aug 2024
    mls logo MLS # 20242961
  • Aug 30, 2024 Sold
    $500,000 (-4.8%)
  • Jul 22, 2024 Pending
    —
  • Jul 19, 2024 Listed
    —
  • Jul 17, 2024 Pending
    —
  • Jul 10, 2024 Listed
    $525,000 (+50.0%)
  • Jul 2018
    mls logo MLS # 20182929
  • Jul 20, 2018 Sold
    $350,000
  • May 31, 2018 Listed
    $350,000
  • 1207 Meadow Ln
    $500K
  • —
  • 50701
    $240K +2% y/y
  • Waterloo
    $197K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Lou Henry Elementary School
public Grades K-5
Waterloo Community School District
5/10
Hoover Middle School
public Grades 6-8
Waterloo Community School District
3/10
West High School
public Grades 9-12
Waterloo Community School District
Source: GreatSchools.org © 2026. All rights reserved.

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