412 S 2nd Avenue, Newton, IA 50208

$154,000

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.

Legal: ORIGINAL PLAT E 1/2 LOT 2 & W 1/2 LOT 3 OUTLOT 23