Quality investment opportunity in Albia, IA. Large home on a nice lot that has been converted and used as a duplex for many years. This duplex offers 2 bedrooms, 1 bath on the main floor and a small 1-2-bedroom apartment upstairs. Each unit has its own kitchen and laundry hook up, and all appliances are owned by the tenants. This property has had major updates in the last 5-7 years such as roof and siding, and includes two newer furnaces. Utilities are split, and tenants pay their own gas, water and electric. Monthly rent for the main floor is $400/month and upstairs is $275/month; both are currently rented with annual taxes of $1,402.00. Total annual income generates a solid return on investment and great potential to add to a current investment portfolio or for a first-time investor.
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