507 S Greene St, Rock Rapids, IA

Name: 507 S Greene St, For Sale in Rock Rapids - eXp Commercial Brokerage
Brand: AMERI/STAR Real Estate, Inc.
SKU: 22506993
Price: 425000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size 2220 sqft

Garage Yes

Taxes

Days Active 3

Lot Size

Approx. Age 1930

Avg. Price Per Sqft $191

MLS® Number 22506993

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Fully Renovated Duplex in Rock Rapids, IA! An exceptional opportunity awaits with this completely renovated and reconstructed duplex, built from the ground up with quality, efficiency, and functionality in mind. Located in the heart of Rock Rapids, IA, this property is ideal for both investors and owner-occupants looking to offset their mortgage by renting out one unit. Each unit offers 1, 110 sq ft of living space, featuring 3 bedrooms and 2 bathrooms, including a spacious primary suite with en-suite bath and walk-in closet. Thoughtfully designed for modern living, both units boast open layouts and updated finishes throughout. Garage & Mechanical Highlights: Lower unit includes an attached, insulated, and heated 2-stall garage with a convenient floor drain. Upper unit includes a detached, insulated, and heated 2-stall garage. Both units have separate HVAC systems, water heaters, and individual utility meters for optimal efficiency and independence. All appliances are new or refurbished models bought in 2024 and are included. This includes all kitchen appliances as well as washer and dryer. Investment Incentive: This property currently qualifies for a 100% tax exemption on the first $75, 000 of improvements for a period of five years—the first year being calculated on the 2024 tax assessment. This rare incentive adds significant value and long-term savings for the new owner. Occupancy & Income Potential: Both units are currently occupied, offering immediate rental income. Perfect setup to live in one unit and rent the other to dramatically reduce your monthly expenses while building equity. Don't miss this turnkey, income-producing property in a welcoming Iowa community. Whether you're a savvy investor or a homeowner looking for a smart way to live affordably, this duplex delivers value, versatility, and long-term benefits.Show Description

MLS® Number22506993

Laundry Level

Central VacNo

FireplaceNo

Acreage0.3099

Exterior

GarageYes

Approx. Age1930

BasementFull

DrivewayGarage Attached

Garage Spaces

HeatNatural Gas

A/CCentral Electric

Heating Fuel

Extras

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