See all 19 photos
19 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$425,000
Est. payment /mo
2,220 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,220 sqft
Price per Sqft $191
Subdivision No Subdivision
MLS Listing ID 22506993
Year Built 1930
Property Sub-Type Duplex
Property Description
Fully Renovated Duplex in Rock Rapids, IA!
An exceptional opportunity awaits with this completely renovated and reconstructed duplex, built from the ground up with quality, efficiency, and functionality in mind. Located in the heart of Rock Rapids, IA, this property is ideal for both investors and owner-occupants looking to offset their mortgage by renting out one unit.
Each unit offers 1,110 sq ft of living space, featuring 3 bedrooms and 2 bathrooms, including a spacious primary suite with en-suite bath and walk-in closet. Thoughtfully designed for modern living, both units boast open layouts and updated finishes throughout.
Garage & Mechanical Highlights:
Lower unit includes an attached, insulated, and heated 2-stall garage with a convenient floor drain.
Upper unit includes a detached, insulated, and heated 2-stall garage.
Both units have separate HVAC systems, water heaters, and individual utility meters for optimal efficiency and independence.
All appliances are new or refurbished models bought in 2024 and are included. This includes all kitchen appliances as well as washer and dryer.
Investment Incentive:
This property currently qualifies for a 100% tax exemption on the first $75,000 of improvements for a period of five years—the first year being calculated on the 2024 tax assessment. This rare incentive adds significant value and long-term savings for the new owner.
Occupancy & Income Potential:
Both units are currently occupied, offering immediate rental income.
Perfect setup to live in one unit and rent the other to dramatically reduce your monthly expenses while building equity.
Don't miss this turnkey, income-producing property in a welcoming Iowa community. Whether you're a savvy investor or a homeowner looking for a smart way to live affordably, this duplex delivers value, versatility, and long-term benefits.
An exceptional opportunity awaits with this completely renovated and reconstructed duplex, built from the ground up with quality, efficiency, and functionality in mind. Located in the heart of Rock Rapids, IA, this property is ideal for both investors and owner-occupants looking to offset their mortgage by renting out one unit.
Each unit offers 1,110 sq ft of living space, featuring 3 bedrooms and 2 bathrooms, including a spacious primary suite with en-suite bath and walk-in closet. Thoughtfully designed for modern living, both units boast open layouts and updated finishes throughout.
Garage & Mechanical Highlights:
Lower unit includes an attached, insulated, and heated 2-stall garage with a convenient floor drain.
Upper unit includes a detached, insulated, and heated 2-stall garage.
Both units have separate HVAC systems, water heaters, and individual utility meters for optimal efficiency and independence.
All appliances are new or refurbished models bought in 2024 and are included. This includes all kitchen appliances as well as washer and dryer.
Investment Incentive:
This property currently qualifies for a 100% tax exemption on the first $75,000 of improvements for a period of five years—the first year being calculated on the 2024 tax assessment. This rare incentive adds significant value and long-term savings for the new owner.
Occupancy & Income Potential:
Both units are currently occupied, offering immediate rental income.
Perfect setup to live in one unit and rent the other to dramatically reduce your monthly expenses while building equity.
Don't miss this turnkey, income-producing property in a welcoming Iowa community. Whether you're a savvy investor or a homeowner looking for a smart way to live affordably, this duplex delivers value, versatility, and long-term benefits.
Location
State IA
County Other (out Of Jurisdiction)
Area Other
Rooms
Basement Full
Interior
Heating Natural Gas
Flooring Carpet, Luxury Vinyl Plank
Exterior
Exterior Feature Hard Board
Roof Type Shingle Composition
Building
Foundation Block
Sewer City Sewer
Water City Water
Schools
Elementary Schools Ia-Central Lyon Elementary
Middle Schools Ia-Central Lyon Secondary
High Schools Ia-Central Lyon Secondary
School District Ia-Central Lyon Community School
Others
Miscellaneous Separate Meters,Individual Water Heater,Individual Heat and Air
Read Less Info
Copyright 2025 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved
LIsted by AMERI/STAR Real Estate, Inc. • Jessica Mogler
GET MORE INFORMATION
