412 S 2nd Ave E, Newton, IA 50208

Beds
4
Baths
4
Sqft
1,908

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Overview

Located at 412 S 2nd Ave E in Newton, this two-story duplex offers investors a strong 10.6% cap rate along with excellent versatility. Recent exterior updates include a new roof installed in 2023 and new siding completed in 2024.

The 1,908 sq ft property can be used as a single-family home with four total bedrooms or kept as an up-and-down duplex with separate private entrances. The upper unit is fully remodeled with modern finishes, new black appliances, and new vinyl plank flooring throughout. The main level offers its own kitchen, a newer Lennox furnace, and laundry hookups on both floors.

With separate gas and water meters, rear alley access, and a convenient location near downtown, this property provides strong cash flow potential and multiple use options for both investors and owner-occupants.

Location

Full feature list

Basic info

Property type
Other residential
Number of stories
2
Number of bedrooms
4
Number of bathrooms
4
Square feet
1,908
Lot size (acres)
0.20
Year built
1930

Interior features

Basement
Yes, Partially finished

Utilities

Heating
Forced Air, Natural Gas
Cooling
None
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$1,409

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Des Moines Area Association of REALTORS® MLS MLS®#: 738691 Last checked:

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