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Description
Investment Opportunity - Purpose-Built Side-by-Side Duplex on Corner Lot This well-maintained side-by-side duplex offers a great opportunity for both investors and owner-occupants. Each unit features 2 bedrooms, 1 bathroom, and an attached 1-car garage, providing a functional layout that is highly desirable for tenants. One unit has been recently updated with brand new flooring and fresh interior paint, making it move-in ready and ideal for a new tenant or an owner-occupant looking to offset their mortgage. The second unit is currently rented at $800 per month on a month-to-month lease, offering immediate income with the flexibility to adjust rents. The vacant unit has a pro forma rent of $1,200 per month, presenting strong upside potential. Tenants pay all utilities, helping keep operating expenses low and maximizing cash flow. Situated on a corner lot, the property benefits from added privacy, extra yard space, and convenient access. Attached 1-car garage for each unit. A solid addition to any rental portfolio with immediate income and value-add potential! Listing agent related to seller.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 2
County: Bureau
High School: Princeton High School
Listed By:
Landmark Realty of Illinois LLC
815-875-1221
MRED MLS
MLS ID: 12591574
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824 W Marquette Street , Princeton, IL 61356.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $189,000 | $189,000 | $189,000 |
| Down Payment | $37,800 | $6,615 | $47,250 |
| Monthly Mortgage Amount | $894 | $1,083 | $1,149 |
| Taxes | $263 | $263 | $263 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $83 | $0 |
| Monthly Estimated Total | $1,257 | $1,529 | $1,512 |
About this area
Find houses for sale in Princeton, Iowa and learn about the local community and real estate market.
A delightful small town settled on the banks of the Mississippi River, Princeton feels worlds away from the busy urban center of Davenport. Yet for those who commute, it’s a 30-minute straight shot on State Street to get there, making this a convenient place to live. Life here is all about taking it easy and enjoying the beautiful surroundings. Along the riverfront, you’ll find a marina with an adjacent bar and grill complete with thatched roof umbrellas. The is a top place in town to gather with neighbors and enjoy some leisure time. A second marina is located to the north, giving residents more options for their boat trips on the river.
Princeton is home to a few scenic parks where residents can stretch their legs and get some fresh air. Water Tower Park is a popular place to hang out amid greenery and maybe even catch a baseball game. And the sprawling refuge of Princeton Wildlife Management Area lies directly north. Here, residents enjoy hiking, fishing, and kayaking in the marshy areas along the river.
Luckily for home buyers, there’s a variety of homes for sale in Princeton, from older fixer-uppers to newer homes built for modern convenience. For those who want to be close to the river, there are attractive options just a stone’s throw from State Street, the de facto center of town.
Get connected with a local real estate expert for up-to-date real estate market trends, nearby school profiles, community demographic information, and more.
No matter the reason for moving, Ruhl&Ruhl Realtors has plenty of real estate options and homes for sale in Princeton, IA for you to choose from. Continue browsing this page to see all houses for sale in Princeton, Iowa and if you need to do a little more research before buying, check out the pages below.
Nearest Ruhl&Ruhl Office
1228 Middle Road
Bettendorf, IA 52722
Phone Number: (563) 441-1776