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Listed by Marcia Madrigal • Kelly Real Estate Inc

$494,000

Est. payment - /mo

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3,585 SqFt

Pending

404 Jefferson ST Decorah, IA 52101

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,585 sqft

Price per Sqft $137

MLS Listing ID 20263849

Year Built 1900

Annual Tax Amount $5,758

Lot Dimensions 53.00 x 123.00

Property Sub-Type Quadruplex

Property Description

Investment Opportunity in Decorah! Well-maintained 4-unit apartment building located just 3 blocks from downtown Decorah and close to the middle school. Each unit includes its own off-street parking space. Unit 1: 1 bed, 1 bath with patio; completely renovated in 2020. $1,045/month Unit 2: 2 bed, 1 bath with a long-term tenant. $770/month Unit 3: 1 bed, 1 bath; completely renovated in 2025. $900/month Unit 4: Turnkey 2 bed, 2 bath Airbnb with deck; completely renovated in 2023. 2025 revenue: $19,098 Additional improvements include a roof replaced in 2017 and vinyl siding installed in 2019. This is a great opportunity to add a solid income-producing asset to your investment portfolio! Call your Realtor today for more information and to schedule a private showing.

Location

State IA

County Winneshiek

Zoning R-3

Rooms

Basement Concrete, Stone/Rock

Interior

Cooling Central Air

Fireplace N

Laundry Dryer Hookup-Ele, Washer Hookup

Exterior

Parking Features Parking Space, On Street, None

Utilities Available Water in Rent

View Y/N true

Roof Type Asphalt

Building

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

Schools

Elementary Schools Decorah Community Schools

Middle Schools Decorah Community Schools

High Schools Decorah Community Schools

Others

Acceptable Financing NBR20263849

Listing Terms NBR20263849

Special Listing Condition Normal Sale

NEARBY SCHOOL & BUSINESS

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Seth Hickman

License ID: 69207000

+1(319) 240-9511