Active
1401 E 28th Street 112 &113
Norwalk IA, 50211
$719,900
$267.62 per sqft
Active
4 Beds
4 Baths
2,690 sqft
Multi-family
Built in 2022
Prime investment opportunity in Silver Estates, Norwalk! This fully leased one-story duplex at 1401 E 28th St, Units 112 & 113, is priced at $719,900 and generates $54,720 in annual income with a $39,494 NOI (5.49% cap rate). Unit 112 offers 1,305 SF, while Unit 113 features 1,385 SF, both with 2 bedrooms, 2 bathrooms, modern kitchens with quartz countertops, tile backsplashes, stainless steel appliances, and large islands. Open-concept living areas boast gas fireplaces, luxury vinyl plank flooring, and seamless access to covered decks. The primary suites include spacious walk-in closets, dual vanities, and tile showers. Each unit also offers an unfinished basement for future expansion, a dedicated laundry room, and a 2-car attached garage. The HOA ($460/month) covers exterior maintenance, lawn care, snow removal, and insurance for a hassle-free investment. With distinctive curb appeal, front porches, and a prime location in a growing community, this property is an excellent opportunity for investors or future owner-occupancy. A partial tax abatement adds even more value. Don't miss out on this turnkey duplex with strong cash flow and low maintenance!
685374
MLSⓇ ID
November 13, 2023
Listed
February 26, 2025
Updated
Interior Features
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
2
Three-Quarter Bathrooms
2
Interior Features
See Remarks, Cable TV
Appliances
Dishwasher, Microwave, See Remarks, Stove
Laundry Description
Main Level
Floor Description
Carpet, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Gas, Natural Gas
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Rectangular Lot
Architectural Style
Ranch, Duplex
Roof
Asphalt, Shingle
Sewer
Public Sewer
Security
Smoke Detector(s)
School Information
School District
Norwalk
Other Property Details
Area Name
Norwalk
Taxes
$3,914
Tax Frequency
Annually
Days on Market
471
Association Fee
$460
Association Fee Frequency
Monthly
Garage
Yes
Garage Spaces
2
Parking
Attached, Garage, Two Car Garage
View
No
County
Warren
Water Source
Public
Pool
No
Utilities
Electricity Available, Natural Gas Available, Water Available
Zoning
R
Courtesy of Peoples Company, Ludwig, Kalen N,
Listing Contact: (515) 402-3169
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Quartz Team Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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