802 5th
Durant, IA 52747

$230,000

  • 4
    Bathrooms
  • 3,600
    Square Feet

Well Restored Historic Building on a corner lot in Durant with a 10 space parking lot. The main level currently has one commercial occupant with a triple net lease and the 2nd level has Two 1 Bedrooms apartments. Lease income: $27,000 less 1/2 Property Tax of $3,468 , less 1/2 Insurance of $2,500, less $800 annual common area electricity. Net Income: $23,216. Utilities are separated, apartment leases are month to month and commercial lease is good trough 10/01/2027. This is an excellent investment opportunity that is meticulously kept with good rental history. The main level has 2 separate entrances and could house another business

Property Highlights

  • Appliances

    Electric Water Heater

  • Taxes

    $3,468 Taxes

  • Water

    Public

  • Year Built

    Built in 1890

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