1107 - 1113 Rainbow DR Active Save Request In-Person Tour Request Virtual Tour
Waterloo,IA 50701
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,560 sqft
Price per Sqft $109
MLS Listing ID 20251576
Style Two Story
Year Built 1940
Annual Tax Amount $5,560
Property Sub-Type Fourplex
Property Description
Great cash flow rental property located in quiet neighborhood in west Waterloo. TWO separate duplexes on the property create a combined gross rent of $2825 per month. The house is split into two units, a two bedroom on the first floor and a one bedroom on the upper floor. The newer duplex building situated in the back part of the property was constructed as a duplex and both units are one bed one bath with washer and dryer in unit. New roof on the house in 2024, new facia and soffits, fresh paint in parts of the units, new entry stairs. New paint and flooring in the duplex building. Lots of upside for this property. This property may also be purchased in a package with any of the other listings located at 1316 Main St CF, 2404 Olive St CF, 2415 Olive St CF
Location
State IA
County Black Hawk
Zoning R-2
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Laundry 1st Floor,2nd Floor
Exterior
Parking Features Gravel,Parking Area,None
Utilities Available Cable Paid by Individual,Elec Individual Meters,Garbage Pd by Individual,Gas Individual Meters,Separate Meters,Water - Multiple Meters
View Y/N true
Roof Type Asphalt
Building
Water City
Structure Type Shakes,Vinyl Siding
Schools
Elementary Schools Fred Becker Elementary
Middle Schools Central
High Schools West High
Others
Acceptable Financing NBR20251576
Listing Terms NBR20251576
Special Listing Condition Normal Sale