424 1St Ave E

3 Plex For Sale – Great Investment Property! Great Rental History! 424-426-428 1st Ave E, Dyersville, IA All 4 Parcels - $299,000 1. 424 1st Ave E, Dyersville, IA (Parcel#0731207012) was built in 1900 and has 1,160 sq ft which included 3 bedrooms (up), 1 full bath (up) & ½ bath (main), laundry hook ups in basement plus 1 garage space from the garage unit (Parcel#0731207009). $800 per month rent, tenant pays for all utilities. Deposit $650 and the tenant moved in on January 1, 2023. Lease agreement was updated on Dec. 1 2023. Property taxes per year $1,594 on this parcel. 2. 426 1st Ave E, Dyersville, IA (Parcel#0731207013) was built in 1900 and has 1,160 sq ft which included 3 bedrooms (up), 1 full bath (up), laundry hook ups in basement plus 1 garage space from the garage unit (Parcel#0731207009). $800 per month rent, tenant pays for all utilities. Deposit $600 plus a $500 pet deposit and the tenant moved in on June 8, 2020. Lease agreement was updated on Nov. 1 2023. (tenant will sign another year lease). Property taxes per year $1,316 on this parcel. 3. 428 1st Ave E, Dyersville, IA (Parcel#0731207014) was built in 1900 and has 1,160 sq ft which included 3 bedrooms (up), 1 full bath (up) & ½ bath (main), laundry hook ups in basement plus 1 garage space from the garage unit (Parcel#0731207009). $800 per month rent, tenant pays for all utilities. Deposit $600 plus a $500 pet deposit and the tenant moved in 2019. Lease agreement was updated on Dec. 1 2023. Property taxes per year $1,394 on this parcel. 4. 3 Stall Garage (Parcel#0731207009) was built in 1900, 22’ x 36’ has 3 separate garage doors with electric openers and one service door on the side. There is no division between stalls - it’s one open garage. Property taxes per year $158 on this parcel. Total Monthly Rents are $2400 for a total of $28,800 per year when all units are rented. Other landlord expenses include Insurance $241 per month for a total of $2,902.04 per year. Lawn mowing $75 per month May-Sept. (tenant mowed for monthly discount of $75). Snow removal is taken care of by tenants. City takes care of back alley way. Property Taxes for all four parcels is currently $4,462 per year. Gross income is $28,800 and net income is approximately $21,060.96 per year! Total deposits are $2,850.