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201 SE locustLeon, IA 50144

Multi-Family · 1,900 Sq. ft. | 0.50 Acres
$139,999 Active

201 SE locust Overview

Time on Site:
1014 days
Visits:
48

Broker is owner and Broker of this legal 3 family. No visits without contacting Broker for prequalification letter and proof of funds. Perfect for first time home buyer. Do not talk to any tenants about potential sale! With one half down Owner may offer owner financing at 5 percent rate five year balloon if approved

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201 SE locust Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,900
  • Price/Sq.ft. $74
  • Lot 0.50 Acres

Details

General

Income/Expenses

  • Electric Expense: 1200
  • Fuel Expense: 1200
  • Gross Income: 22500
  • Maintenance Expense: 1000
  • Net Operating Income: 10500
  • Operating Expense: 12000
  • Trash Expense: 600
  • Water Sewer Expense: 600

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1960

Location/Region

  • County Or Parish: Decatur
  • Postal City: Leon

Tax Information

  • Tax Annual Amount: 1220
  • Tax Year: 2022

General Information

  • Listing Terms: Conventional
  • Parcel Number: 0733131001
  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Accessibility Features: None
  • Basement: Walk-Out Access
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Forced Air,Hot Water
  • Living Area: 1900
  • Living Area Units: Square Feet
  • Stories: 2

Exterior

Lot Information

  • Lot Size Acres: 0.5
  • Lot Size Dimensions: The half acre is a good estimate
  • Lot Size Square Feet: 21780
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Construction Materials: Fiber Cement

General Information

  • Number Of Units Total: 3
  • Sewer: City Sewer/Connected

Room Information

Room: Extra Room 2

    Room: Extra Room 3

      Room: Extra Room 4

        Room: Extra Room 5

          Room: Extra Room 6

            Room: Extra Room 1

            • Level: ***

            201 SE locust Neighborhood

            Community

            50144 (Leon) Demographics

            36
            Median Age
            19
            Population Density (per sq. mile)
            26%
            College Educated
            $58,967
            Estimated Median Income
            671
            Estimated Total Home Owners
            455
            Estimated Total Renters
            60% / 40%
            Estimated Owner / Renter Divide
            2
            Estimated Average Household Size
            Community data courtesy of LiveBy, Inc.

            Schools

            School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

            201 SE locust Monthly Cost

            $
            $ %
            %
            $
            $
            * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

            201 SE locust Market Data

            Based on the last 30 days in this zip code

            $224,250
            Average List Price
            $146
            Average Price per Square Foot
            0
            Properties Sold
            44
            Average Days on Market
            10
            Properties for Sale
            Calculations provided by Reliance Network

            201 SE locust History

            Date Event Value Agent
            2/9/2026Source: NoCoast MLS Price Reduction
            $139,999 -6.7%
            1/26/2026Source: NoCoast MLS Price Reduction
            $149,999 -25.0%
            2/21/2025Source: NoCoast MLS Added to Database
            February 21, 2025
            Listing provided courtesy of Power House Exclusive Real Estate Inc.NoCoast MLS- MLS# 6311552MLS Provider