Fabulous opportunity to own a triplex rental property in a business zoned area right off the square for a great price! Needs some work--but its cosmetic. Two excellent tenants are already established providing excellent income--now upstairs 3 bed apt is rented also. Updated and lovingly maintained by owner, all three apartments are very generous and the two upper apts have gorgeous original hardwood floors! Plenty of bright warmth in these apartments --main level and basement Apts have two full bedrooms. Two upper Apts are flooded with light as they have extra large windows. On street parking plus two spots in the back--this triplex is right next to lovely Golden Magnolia community center. Your tenants will be able to walk to the square and all the great restaurants while you partake of passive income of $1820 (or more) that this fully occupied triplex brings in. Separately metered electric but water and heat are included in the rent. Come see this east facing sunny triplex today!
Move in ready--its all new and tastefully done, & because this single family home is in a multi-use zoned neighborhood --(see rezoning designation in documents) with three generous apartments-- its a incoming producing triplex! All new appliances in kitchens--entire house is freshly painted. Situated conveniently right near the Maharishi school and MIU for student tenants, you get a bonus double lot (1/3 acre) with private, treed backyard. Enjoy the new deck and privacy fence which are perfect for lounging & letting the dog run free. Total of 5 bedrooms/4 huge bathrooms (each with soaker tubs), this house is big enough for several generations living together--approx 2800 square feet total. Living in 1000+ Sq ft 3 bed/2 bath main level home while renting up & down 1 bed apts is ideal scenerio for mortgage-free living! Or use as in-law suites! The spacious main level 3 bedroom/2 bath could be used as business office suite or to host large gatherings of family and friends! You love all the storage in generous walk-in closets & the attached two car garage has lots of built in shelving. New flooring upstairs and down with new carpets, refinished oak wood floors & new luxury vinyl plank flooring in the lower level. Icing on the cake? All new major systems in the house--AC, gas furnace and 50 gallon hot water heater!!
Investors special--this triplex can bring in $2000 a month in rental income! Apt A downstairs is rented for $700 a mos and B (vacant) is $525/mos and C is $500/mos currently=$1725/mos. Apt B is vacant and C and A are rented on a month to month basis. With a little elbow grease, these roomy bright apts have great potential and many charming features! Separate water & electricity meters for each apt but new furnace provides heat for whole house & is split three ways --to keep your tenants toasty warm! This corner lot property at Hempstead & 5th has mature trees --3 pear trees and a White Pine which add natural charm-plenty of room here to build a custom garage! Recent updates include new vinyl plank flooring in Apt C upstairs, while Apt B has new vinyl kitchen flooring. Exterior of the home & the wrap around deck have been completely painted in 2024. This is something you should definitely consider if you are looking for a great investment --schedule your tour today!
Calling all investors and visionaries! This one-of-a-kind circular duplex, located on a quiet street just steps away from the university, is brimming with potential. Featuring a distinctive domed roof with wood shingles, this property offers a rare architectural canvas for creative minds. The upper unit spans two levels, boasting 3 bedrooms and 2 bathrooms, while the lower garden unit provides 2 bedrooms and 1 bathroom. With central air and heat, this property is ready to be reimagined into a dynamic rental property or an unforgettable Airbnb. While the home requires work, its unique design and unbeatable location make it a prime candidate for transformation. Imagine restoring this property into a modern rental gem or a show-stopping vacation destination. Ready for your vision, this duplex presents a rare chance to create something truly special. Don't miss the opportunity to capitalize on its proximity to the university and quiet charm.
Gorgeous Triplex Barndominium! Built in 2019 and includes 5.59 of the most beautiful acres with field, forest, creek and a large fenced garden space. Fresh exterior paint just completed! Unit 1 impresses as you enter into the large open concept living room/ kitchen area with high vaulted ceilings, sky lights, hardwood floors and butcher block counters. Excellent design with sliding glass door, off kitchen, that opens to a large deck overlooking the forest. 3 brightly lit bedrooms and 1 Fancy bathroom with large soaking tub and separate shower with decorative tile. Unit 2 is on main level with no stairs internal or external. Brand new carpet in living room. open concept with the kitchen. 2 bedrooms and 1 lovely bathroom. Larger bedroom has a closet that was intended/ plumbed for a second Bath, if Buyer wishes to finish it as one. Unit 3 is a lovely one bed, one bath with attached R-31 insulated, heated garage that could be used as a 2nd bedroom or office. No stairs internal, or external. In addition there is a huge insulated attic storage space and an additional 1 car garage that will soon have a gravel floor.
Side By Side Duplex in a quiet area of Fairfield. Both units come with appliances and are currently rented. 2 bedrooms in each unit. 1 Bath in each unit. Commons area with Laundry Hook ups and washer and dryer that comes with the property. Fenced in shared back yard. Great income property for prospective buyer.
This side-by-side duplex offers a fantastic opportunity for both homeowners and investors. Each unit features 2 bedrooms and 1 bathroom, providing comfortable living spaces for tenants or family members. The updated flooring throughout both units adds a fresh, modern touch. With plenty of potential for additional updates, this property presents a great opportunity to add significant value. Whether you're looking to enhance the units for higher rental income or to increase the overall market value, this duplex is a promising investment. Don't miss the chance to make this versatile property your next project.
The median home value in Fairfield, IA is $138,300. This is lower than the county median home value of $158,700. The national median home value is $338,100. The average price of homes sold in Fairfield, IA is $138,300. Approximately 49.56% of Fairfield homes are owned, compared to 37.04% rented, while 13.4% are vacant. Fairfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fairfield real estate agent to arrange a tour today!
Fairfield, Iowa 52556 has a population of 9,653. Fairfield 52556 is less family-centric than the surrounding county with 25.1% of the households containing married families with children. The county average for households married with children is 26.3%.
The median household income in Fairfield, Iowa 52556 is $43,006. The median household income for the surrounding county is $47,950 compared to the national median of $69,021. The median age of people living in Fairfield 52556 is 39.1 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 38 inches per year, with 25.7 inches of snow per year.