215 Cedar Street, Story City, IA 50248
Story County
Key Facts
Description
Excellent investment opportunity! This 3-level tri-plex offers immediate income with long-term tenants already in place and a proven rental history. The property features three separate units: a 2-bedroom, 1.5-bathroom basement apartment, a 2-bedroom, 1-bathroom main level unit, and a 1-bedroom, 1-bathroom upper-level apartment. Tenants pay all utilities except water, helping keep operating expenses low and maximizing your return. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers reliable cash flow and strong rental potential. Don't miss your chance to own a turnkey investment with established occupancy.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1910
Living Area
1,552 sq ft
Lot Size
0.26 acres
Zoning
R (MR R3+)
MLS® Listing#
70720
Property Features
Cooling
Heating
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$2,138
Assessed Value
$151,500
Parcel Number
01-12-350-180
Affordability Calculator
$37,000
Estimated monthly payment
$985/mo
Principal $148,000 · Est. interest $206,473 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Story City, IA
- $278,451
- Median Listing Price
- 65
- Median Days on Market
- 1,690
- Median Sq Ft
- $152
- Median Price / Sq Ft
- 773
- Active Listings
- This home’s price is 34% below the area median.
- Its price per sq ft is 22% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Story City, IA.
Location
Points of Interest in Story City, IA
Showing the Story City area map.
Nearby Schools
Roland-Story High School
Secondary · 0.7 mi away
Roland-Story Elementary School
Elementary · 0.8 mi away
Roland-Story Middle School
Secondary · 5.3 mi away
Gilbert Middle School
Secondary · 5.5 mi away
Gilbert Intermediate School
School · 5.7 mi away
Gilbert Community School District
Elementary · 5.7 mi away
Gilbert CSD
School · 5.7 mi away
Gilbert High School
Secondary · 5.9 mi away
Gilbert Elementary School
Elementary · 5.9 mi away
South Hamilton Middle and High School
Secondary · 8.6 mi away
South Hamilton Community School District
Elementary · 8.7 mi away
Prairie Flower Children's Center
School · 9.2 mi away
Northwood Preschool Center
School · 9.2 mi away
St Cecilia School
School · 9.3 mi away
Ames Community School District
Elementary · 9.6 mi away
Fellows Elementary School
Elementary · 9.8 mi away
Meeker Elementary School
Elementary · 9.9 mi away
Ames Community School
School · 10.0 mi away
Ames High School
Secondary · 10.1 mi away
Ames Community School District
Elementary · 10.1 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3204 9th Street, Sioux City, IA | $129,500 | 2 | — | 896 |
| 3083 150Th Street, Barnes City, IA | $129,900 | 4 | 1 | 1,624 |
| 811 Beck Street, Charles City, IA | $129,900 | 3 | 2 | 1,438 |
| 326 1st NW, MASON CITY, IA | $129,950 | 3 | — | 1,388 |
| 326 1st Street NW, Mason City, IA | $129,950 | 3 | 1 | 2,178 |
| 1523 N Monroe Avenue, Mason City, IA | $130,000 | 4 | 1 | 1,718 |
Moving Cost Estimate
EXIT Agents in Story City
Listing Courtesy: Norsemen Realty Team - Friedrich Realty - 5157332922