Residential For Sale
2,292 Sqft - Vanderbilt, Fairfax, Iowa 52228
QR Code
Description

Great opportunity to own a fully rented 4-plex in the heart of Fairfax. This income-producing property features a solid rental history with some long-term tenants already in place, offering immediate cash flow for the next owner. The property is part of an estate and is being sold as-is. See disclosure and recent rental inspection. Any and all repairs including rental permit repairs shall be the responsibility of the buyer after closing.

No private showings will be offered.
There will be three public and agent viewing opportunities based on the following schedule:

Wednesday, July 23, from 4:00 PM to 6:00 PM

Sunday, July 27, from 1:00 PM to 3:00 PM

Monday, July 28, from 4:00 PM to 6:00 PM

Any and all offers are due by 12pm, Tuesday, July 29.

Don’t miss this chance to invest in a well-maintained multi-unit property in a growing community.

Property Description

Great opportunity to own a fully rented 4-plex in the heart of Fairfax. This income-producing property features a solid rental history with some long-term tenants already in place, offering immediate cash flow for the next owner. The property is part of an estate and is being sold as-is. See disclosure and recent rental inspection. Any and all repairs including rental permit repairs shall be the responsibility of the buyer after closing.

No private showings will be offered.
There will be three public and agent viewing opportunities based on the following schedule:

Wednesday, July 23, from 4:00 PM to 6:00 PM

Sunday, July 27, from 1:00 PM to 3:00 PM

Monday, July 28, from 4:00 PM to 6:00 PM

Any and all offers are due by 12pm, Tuesday, July 29.

Don’t miss this chance to invest in a well-maintained multi-unit property in a growing community.

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
2506337
Price:
$89,900
Beds:
0
Total Baths:
0
Baths:
0
Half Bathrooms:
0
Square Feet:
2,292 Sqft
Construction Year:
1900
Lot Size:
0.20 Acre
Country:
US
State:
IA
County:
Linn
City:
Fairfax
Zipcode:
52228
Status Category:
Pending
Features
Heating:
See Remarks
Cooling System:
See Remarks
Basement:
Full
Exterior:
Fence
Construction:
Frame, Wood Siding, Vinyl Siding
Address Map
Street Number:
400
Street:
Vanderbilt
Street Suffix:
Street
Floor Number:
0
Longitude:
W92° 13' 9''
Latitude:
N41° 55' 8.8''
More Information
Office Name:
Twenty40 Real Estate + Development
Agent Name:
Stefan Doerrfeld-Twenty40 Real Estate + Development
Elementary School:
College Comm
Jr./Middle School:
College Comm
High School:
College Comm
Directions:
South on Williams Blvd, East on Church St, North on Vanderbilt St. 400 Vanderbilt will be located on the corner of Main St and Vanderbilt St on the right.
Zoning:
Multi
Lot Dimensions:
85 X 100
LA1Agent Logon Name:
twenty40121
LA1Agent First Name:
Stefan
LA1Agent Last Name:
Doerrfeld-Twenty40 Real Estate + Development
LO1Main Office ID:
CT40
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Stefan Doerrfeld-Twenty40 Real Estate + Development
Twenty40 Real Estate + Development
Additional Details
See Remarks
Full
Fence
Frame, Wood Siding, Vinyl Siding
07/21/2025
South on Williams Blvd, East on Church St, North on Vanderbilt St. 400 Vanderbilt will be located on the corner of Main St and Vanderbilt St on the right.
85 X 100