This house comes with two additional lots!!! The house sits on 0.10 acre and each additional lot is also that same size. There are many great comps including new builds that sit on the same size lots and some smaller! You could rehab the existing house, build two new houses or a new one on a double lot in Bates Hendricks!! Or, sell off the additional lots…what floats your investor boat?!?!
Do NOT disturb occupants. Please reply for showing information.
Houses in Kappes and Franks neighborhood on Iowa have sold from 99k AS IS (needed torn down) up to $425k over the last year in the quarter mile. You definitely have some options here!
Currently, house is parceled with these two lots, so three lots total. All lots are fenced together currently. These two lots can be parceled separately at closing.
Recent house sales on Iowa in same hood include:
414 Iowa – SOLD $284k (3/2, 1636 sf, 2-car detached, basement, 0.10 acre, 25 DOM)
271 Iowa – SOLD $402k (4/2.5, 2160 sf, 2-car detached, built in 2023, no basement, 0.10 acre, 6 DOM)
230 Iowa – SOLD $425k (4/2.5, 2028 sf, 2-car detached, built in 2023, no basement, 0.20 acre, 32 DOM)