409 W Hempstead Avenue, Fairfield, Iowa 52556

IA, Fairfield
$157,000
  • 0.12 Acre
  • Residential Income Property Type
  • 1900 Year Built
  • Sold Status
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!

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 6323230
  • Price: $157,000
  • Year Built: 1900
  • Lot Area: 0.12 Acre
  • Status: Sold
  • Office Name: Fairfield Real Estate
Features
  • Heating System Forced Air
  • Basement Unfinished,Block,Stone/Rock
  • Architectural Style Triplex
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State IA
  • County Jefferson
  • City Fairfield
  • Zipcode 52556
  • Street: Hempstead
  • Street Number: 409
  • Street Suffix: Avenue
  • Longitude: W92° 1' 51.5''
  • Latitude: N41° 0' 35''
  • Directions: Northeast corner lot on West Hempstead and S. 5th St
  • Street Dir Prefix: W
Additional Information
  • Accessibility Features: None
  • Lot Size Dimensions: 41X132
  • Number Of Units Total: 3
  • Previous Price: 157000
  • Stories: 2
  • Water Source: City Water/Connected
Financial
  • Tax Annual Amount: 1658
Map
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