408 S Knapp Street A &Amp B Iowa, LA 70647
Listing Courtesy of: GREATER SOUTHERN MLS / Coldwell Banker Ingle Safari Realty / Robbie Ingle

  408 S Knapp Street A &Amp B Iowa, LA 70647

Active
$125,000

Description

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

MLS #:
SWL24001548
Lot Size
0.37 acres
Type
Multifamily
Year Built
1970
Style
Traditional
County
Calcasieu Parish

Listed By

Robbie Ingle, Coldwell Banker Ingle Safari Realty
Source
GREATER SOUTHERN MLS
Last checked Apr 18 2024 at 1:29 PM GMT+0000
Bathroom Details
Interior Features
  • Refrigerator
  • Electric Range
  • Laundry: Washer Hookup
  • Laundry: Electric Dryer Hookup
Lot Information
  • Front Yard
  • Back Yard
Property Features
  • Foundation: Raised
Heating and Cooling
  • Central
  • Central Air
Exterior Features
  • Roof: Shingle
Utility Information
  • Utilities: Water Source: Public, Water Connected, Sewer Connected, Electricity Connected
  • Sewer: Public Sewer
Parking
  • Driveway
Stories
  • 1
Additional Listing Info
  • Buyer Brokerage Commission: 2.5
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 10, 2024
Price Changed
$125,000
-11%
-15,000
Mar 22, 2024
Original Price
$140,000
-
-
Disclaimer: Copyright 2024 Greater Southern MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/18/24 06:29