402 W Ashland Avenue, Indianola, IA 50125
402 W Ashland Avenue, Indianola, IA 50125
402 W Ashland Avenue, Indianola, IA 50125
402 W Ashland Avenue, Indianola, IA 50125
402 W Ashland Avenue, Indianola, IA 50125
402 W Ashland Avenue, Indianola, IA 50125
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$ 209,000
Est. payment | /mo

4 Beds

2 Baths

2,112 SqFt


Save
$ 209,000
Est. payment | /mo
Save

4 Beds

2 Baths

2,112 SqFt

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Pending

Purchase Type For Sale

Square Footage 2,112 sqft

Price per Sqft $98

MLS Listing ID 743150

Style Two Story

Bedrooms 4

Full Baths 1

Three Quarter Bath 1

Construction Status Resale

HOA Y/N No

Year Built 1900

Annual Tax Amount $3,299

Lot Size 6,751 Sqft

Acres 0.155

Property Sub-Type Residential

Property Description

Opportunity awaits with this well-maintained up/down duplex featuring two 2-bedroom, 1-bath units and a blend of timeless character and modern updates. Looking for an investor looking to maximize rental income. The upper unit is leased through December 31, 2026 at $850, lower unit is rented July 1st at $1325 offering immediate cash flow.
Built with classic early-1900s charm, this property showcases character you simply can't find in newer construction while benefiting from several important updates. The lower unit has been extensively improved with a remodeled kitchen, updated bathroom, and newer flooring, creating a fresh and inviting living space. All appliances in both units will remain with the property, making for a seamless transition for the next owner.

Outdoor spaces are equally appealing, featuring a welcoming covered front porch perfect for relaxing and a low-maintenance composite rear deck overlooking the fully fenced backyard. Mechanical updates provide added peace of mind, including a newer mini-split system serving the upper unit and a new furnace installed for the lower unit.
Whether you're looking to expand your investment portfolio or offset your housing expenses by living in one unit while renting the other, this duplex offers flexibility, income potential, and attractive updates in a charming package. Don't miss your chance to own this income-producing property with immediate occupancy available in the lower unit.

Location

State IA

County Warren

Area Indianola

Zoning RES

Rooms

Main Level Bedrooms 2

Interior

Heating Forced Air, Gas, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Roof Type Asphalt,Shingle

Private Pool No

Building

Entry Level Two

Foundation Brick/Mortar, Stone

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Resale

Schools

School District Indianola

Others

Senior Community No

Tax ID 48390120110

Monthly Total Fees $274

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by RE/MAX Results

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402 W Ashland Avenue