408 S Knapp Street A &Amp B Iowa, LA 70647
Listing Courtesy of: GREATER SOUTHERN MLS - IDX / 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 - IDX
Last checked Apr 18 2024 at 1:30 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 IDX. 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 06:30