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1107 - 1113 Rainbow Drive

Waterloo, IA 50701
  • $280,000
  • STATUS: Active
  • ON SITE: 91 Days
  • MLS #: 20251576
UPDATED: 236 min ago
$280,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1940
County:

School Information

Elementary School:
Middle School:
High School:

Description

Great cash flow rental property located in quiet neighborhood in west Waterloo. TWO separate duplexes on the property create a combined gross rent of $2825 per month. The house is split into two units, a two bedroom on the first floor and a one bedroom on the upper floor. The newer duplex building situated in the back part of the property was constructed as a duplex and both units are one bed one bath with washer and dryer in unit. New roof on the house in 2024, new facia and soffits, fresh paint in parts of the units, new entry stairs. New paint and flooring in the duplex building. Lots of upside for this property. This property may also be purchased in a package with any of the other listings located at 1316 Main St CF, 2404 Olive St CF, 2415 Olive St CF

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Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2025-07-14T23:41:45.867 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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1107 - 1113 Rainbow Drive Waterloo, IA 50701

  • Price: $280,000
  • Status: Active
  • On Site: 91 Days
  • Updated: 236 min ago
  • MLS #: 20251576
0
Beds
0
Baths
0
½ Baths
0.48
Acres
1940
Built
County:
Black Hawk
Elementary School:
Fred Becker Elementary
Middle School:
Central
High School:
West High
Property Description
Great cash flow rental property located in quiet neighborhood in west Waterloo. TWO separate duplexes on the property create a combined gross rent of $2825 per month. The house is split into two units, a two bedroom on the first floor and a one bedroom on the upper floor. The newer duplex building situated in the back part of the property was constructed as a duplex and both units are one bed one bath with washer and dryer in unit. New roof on the house in 2024, new facia and soffits, fresh paint in parts of the units, new entry stairs. New paint and flooring in the duplex building. Lots of upside for this property. This property may also be purchased in a package with any of the other listings located at 1316 Main St CF, 2404 Olive St CF, 2415 Olive St CF
Exterior Features

Architectural Style Two Story Construction Materials ShakesVinyl Siding Lot Size Dimensions 66x315 Open Parking Spaces 8 Parking Features GravelParking AreaNone Regular Irregular Reg Roof Asphalt Siding ShakeVinyl

Interior Features

Above Grade Finished Area 1154 Basement BlockConcrete Below Grade Finished Area 0 Cooling Central Air Heating Forced AirNatural Gas Laundry Features 1st Floor2nd Floor Second Level Square Footage 1456 Third Level Square Footage 0 Total Square Footage 2560

Property Features

Electric Separate By Unit Yes Flood Plain C/X - Not in Flood Plain For Sale Rent For Sale Fuel Type Natural Gas Gross Income 33900 Heat Separate By Unit Yes Lease Term Over 9 Months Property Sub Type Fourplex Special Listing Conditions Normal Sale Tax Annual Amount 5560 Tenant Pays ElectricityGarbage Pick-upGasHeatTrash CollectionWater Utilities Cable Paid by IndividualElec Individual MetersGarbage Pd by IndividualGas Individual MetersSeparate MetersWater - Multiple Meters Water Separate By Unit Yes Water Sewer Expense 0 Water Source City Zoning R-2



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2025-07-14T23:41:45.867 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Vine Valley Real Estate
808 E. 18th St.
Cedar Falls IA, 50613