122 S Main St, Fairfield, IA 52556, USA
122 S Main St, Fairfield, IA 52556, USABasics
- Date added: Added 1 month ago
- Category: MULTI-FAMILY (2-4 UNITS)
- Status: Active
- Bathrooms: 0
- Lot size: 3920.4 sq ft
- Year built: 1900
- County: Jefferson
- Zoning: Business/Commercial
- Acres: 0.09 acres
- Price Per SQFT: $83.33
- MLS ID: 6323902
Description
-
Description:
Be on the pulse with Golden Magnolia next door when you own this triplex jewel in downtown Fairfield. Move quickly and begin pocketing passive income of $1820 or more monthly that this fully-occupied triplex brings in. Separately metered electric but water and heat are included in the rent. Discover this centrally located triplex, featuring spacious, charm-filled apartments with timeless architectural details. While it needs cosmetic updates, the property offers a blank canvas to add your personal touch and maximize value. This is a rare investment opportunity with an excellent price-to-income ratioâthe rental income potential can easily offset your monthly mortgage payments. Ideal for savvy investors or homeowners looking to build equity. Large units, high ceilings, and abundant natural light make this a standout deal just off the square, in the heart of downtown Fairfield!
Show all description
Location
- Road Frontage: City Street,Paved Streets,Sidewalks,Street Lights
- Directions: One house away from City Hall on South Main St--next door to Hunt Chiropractic
Building Details
- Garage Stalls: 0
- Stories: Three Or More
- Water: City Water/Connected
- Basement: Concrete Block, Egress Windows, Finished (Livable), Full, Poured Concrete
Amenities & Features
- Style: Triplex
- Fireplaces: 0
- Parking Characteristics: Driveway - Concrete,Driveway - Shared,More Prkg Onsite for Fee,Unassigned
- Exterior: Stucco,Brick/Stone,Log Siding,Block
- Heating: Forced Air
- Sewer: City Sewer/Connected
- Common Features: Blinds/Shades,Decks,Drapes/Curtains,Hardwood,Private Entrance,Security Deposit
Miscellaneous
- Association: SEIA
- Yearly/Seasonal: Yearly
- Contingency: None
- Accessible: 52556, None
- Road Responsibility: Public Maintained Road
- Fuel: Natural Gas
Fees & Taxes
- Gross Taxes: $2,178
- Net Taxes: $2,178
- Expense Electric: $2,500
- Expense Maintenance: $1,200