706 Mechanic Street • $169,900

Bill  Stoen Cedar Valley Iowa Realty
1668 Jordan West Rd
Decorah, IA 52101
Office: 563-382-8290
Mobile: 563-419-1398
bill@cedarvalleyiowarealty.com
Property Information
MLS Number: 20180550
Address: 706 Mechanic Street, Decorah
Price: $169,900
Style: Single Family, Duplex, Recreational, 2nd Home, Duplex, Residential, Other
Status: Active
Zoning Type: R-3
Lot Area: 5,250 SqFeet
Lot Dimensions: 50 X 105
School District: Decorah
Description of 706 Mechanic Street, Decorah

4 BD 2 Bath Home Close to a Wide Range

of services and shopping options in Decorah

$169,900

Hunting for a Seasonal Second Home? 

Locking the front hallway door is all that is needed to have this as a Duplex with an upstairs apt.  R-3 zoning.  Rent out one level with a tenant responsible for maintaining the grounds and security while your away. Reduce/eliminate the many household and grounds keeping chores upon your arrival into town. Store the bikes, kayaks, canoes, hunting equipment ATV here instead of trailering those along each time during your vacations / stays.

Why Rent ?

Opportunity to own your very first home with assistance on the monthly mortgage payment by renting out the one level of this home. Laundry bay upstairs and another in basement.  Chance to build up your networth and equity instead of advancing a landlord's.  Make your own policy on having a pet as a family member- the rear yard has a tall privacy fence and raised deck.

Remain Independent

Continue to live as you choose with your pets, while having a Live-In Caregiver nearby to assist on some of the daily tasks and routines that may becoming a challenge for you to accomplish by yourself.

Investment Property

This Duplex has a history of consistant rental occupancy- is ready to go right now as a duplex - Decorah has a strong demand for rental units within walking distance to schools and businesses. See the link about 1031 Exchanges, learn how they work- BEFORE you decide to sell Farmland  / Income Property.  Can allow you to transfer much of your value from a sale into another investment property like this Duplex and deferring the Capital Gains Taxes from a sale of your current holdings.

 

Residential Information for 706 Mechanic Street, Decorah
Bedrooms: 4 Total Baths: 2
Full Baths: 2 Open Parking: 4 Car
Stories: 2.0 Story Fireplaces: None
Year Built: 1910 Living Area: 2138 SqFeet
Heating: Forced Air Cooling: Ceiling Fan,Central Air
Pool: No Basement: Yes
Subdivision: Wheelers Addn Roof: Shingle
Exterior: Vinyl Foundation: Cement block
Appliances: 2 Sets- Included Driveway: Asphalt alley to parking pad
Interior Features: 4 BD home with option of having Duplex floor plan just by locking the hallway door to the front entryway. 2 Full sets of appliances included with the home.
Exterior Features: Rear yard enclosed with privacy fence, Raised Deck in rear yard. parking for 4 vehicles in rear. Storage shed with lawn care equipment included.
Multi-Family Information for 706 Mechanic Street, Decorah
Building Type: Duplex conversion Total Units: 2
Open Parking: 4 Car Stories: 2.0 Story
Living Area: 2,138 Heating: FA
Cooling: Central Laundry: Yes
Roof: shingled Exterior: Vinyl
Foundation: Cement block -full basement Appliances: 2 sets included
Driveway: blacktop alleyway, gravel park pad    
Interior Features: 2 kitchens with appliances, Upstairs has laundry bay plus there is a full basement with laundry connections too. Potential as a 5 bedroom home if you do not need a second kitchen upstairs.
Exterior Features: Tall privacy fence around rear yard, raised deck in rear yard. parking for 4 vehicles with alley exit. Vinyl siding, windows have been upgraded.
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