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Property Description

Investors special–this triplex can bring in $2000 a month in rental income! Apt A downstairs is rented for $700 a mos and B (vacant) is $525/mos and C is $500/mos currently=$1725/mos. Apt B is vacant and C and A are rented on a month to month basis. With a little elbow grease, these roomy bright apts have great potential and many charming features! Separate water & electricity meters for each apt but new furnace provides heat for whole house & is split three ways –to keep your tenants toasty warm! This corner lot property at Hempstead & 5th has mature trees –3 pear trees and a White Pine which add natural charm-plenty of room here to build a custom garage! Recent updates include new vinyl plank flooring in Apt C upstairs, while Apt B has new vinyl kitchen flooring. Exterior of the home & the wrap around deck have been completely painted in 2024. This is something you should definitely consider if you are looking for a great investment –schedule your tour today!

Features
Forced Air
Block, Unfinished, Stone/Rock
Triplex
City Sewer/Connected
Address Map
US
IA
Jefferson
Fairfield
52556
Hempstead
409
Avenue
W92° 1' 51.5''
N41° 0' 35''
Northeast corner lot on West Hempstead and S. 5th St
W
Additional Information
41X132
City Water/Connected
2
157000
3
None
Financial
1658
Listing Information
SE082831245
28666
Sold
2025-01-31T13:58:31Z
NoCoast

409 W Hempstead Avenue, Fairfield, Iowa 52556

Residential Income For Sale

1,940 Sqft
$157,000
Listing ID #6323230
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 6323230
Price : $157,000
Square Footage : 1,940 Sqft
Year Built : 1900
Lot Area : 0.12 Acre
Status : Closed
Office Name : Fairfield Real Estate
Contact Us
Address
704 W US Highway 30
Carroll, IA 51401
Property