214 Main Street
Van Wert, IA 50262
MLS #546640

  • 5units
  • 0.498acres
Est. P&I payment: $305.55/mo
214 Main Street, Van Wert, IA 50262
Description for 214 Main Street, Van Wert, IA 50262
5-plex in the town of Van Wert, Good cash flow. Also a maintenance room with garage and overhead door. 40 year guaranteed foam roof installed in 2013. Maintenance room has bathroom, bedroom, stove, refrigerator, microwave, and basement. This large area could be made into an additional unit with an attached garage. School bus stops out front. Apt 1, 2 bedroom rent $400 -- tenant pays everything except sewer and garbage. Apt 2, 1 bedroom rent $300 - tenant pays everything except sewer, water and garbage Apt 3, 1 bedroom rent $300 - tenant pays everything except sewer and garbage Apt 4. 2 bedrooms and 2 baths - used to be 2 apartments rent $300 tenant pays everything except $16.50 sewer and garbage . Aot 5, efficiency rent $300 tenant pays all everything except sewer and garbage. landlord expense $82.50 sewer $44.00 water, $118 garbage, and $42 electric for maintenance building & security light, tax and insurance. Total rent $1600 Total expense $521
MLS #546640
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My Notes for MLS #546640

General Features

  • Property Type: Multi-Family
  • Style: Ranch
  • Acres: 0.498

Exterior Features

  • Exterior: Brick
  • Acres: 0.498
  • Lot SF: 21,700
  • Lot Shape: Irregular
  • Trim: Paint
  • Driveway: Gravel
  • Foundation: Brick
  • Garage: 1 Attached,​3 Detached
  • Roof: See Remarks

Interior Features

  • Interior Features: 1st Flr Laundry
  • Square Feet Total: 8,204
  • Square Feet Bsmt: 4,244
  • Living Area Sq Ft: 8,204
  • Basement Desc: Partial
  • Baths Total: 6
  • Baths Full: 2
  • Kitchens Total: 5

Utilities Features

  • Air Conditioning: Window
  • Fridges Total: 5
  • Heat Source: Electric
  • Heat: Electric Baseboard
  • Landlord Tenant Utilities: Building Insurance Owner,​Electric Tenant,​Insurance Landlord,​Misc Exp Landlord,​Taxes Owner,​Water Landlord,​Water Tenant
  • Laundry YN: 1
  • Separate Meters: 5
  • Services: Lawn Care,​Trash Service
  • Sewer: City
  • Stoves Total: 5
  • Water: Rural

Financial Features

  • Expense Total: 521
  • Gross Operating Income: 1,600
  • Gross Taxes: 1,606
  • Net Taxes: 1,606

Community Features

  • School District: Clarke Community

Misc Features

  • Parcel Number: 0213140002,0213140004,0213140003
  • Included Items: Dryer,​Refrigerator,​Stove,​Washer
  • Total 1 Bedroom Units: 2
  • Total 2 Bedroom Units: 2
  • Total Efficiency Units: 1
  • Total Units: 5
  • Termite: Call Listing Agent
  • Zoning: C


Street View Not Available
Directions to 214 Main Street, Van Wert, IA 50262
Interstate 35 to Van Wert exit, (between Osceola and Leon exit) go east to Main Street , go south to property which is south of fire station.
The listing information for 214 Main Street, Van Wert, IA 50262 was graciously provided by our friends at the listing brokerage, RE/MAX American Dream Realty

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P&I Payment $305.55
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Last Updated 02/21/2018 at 6:41pm
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