About 1107 - 1113 Rainbow Drive
Great cash flow rental property located in quiet neighborhood in west Waterloo. TWO separate duplexes on the property create a combined gross rent of $2825 per month. The house is split into two units, a two bedroom on the first floor and a one bedroom on the upper floor. The newer duplex building situated in the back part of the property was constructed as a duplex and both units are one bed one bath with washer and dryer in unit. New roof on the house in 2024, new facia and soffits, fresh paint in parts of the units, new entry stairs. New paint and flooring in the duplex building. Lots of upside for this property. This property may also be purchased in a package with any of the other listings located at 1316 Main St CF, 2404 Olive St CF, 2415 Olive St CF
Features of 1107 - 1113 Rainbow Drive
| MLS® # | 20251576 |
|---|---|
| Price | $280,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,560 |
| Acres | 0.00 |
| Year Built | 1940 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Style | Two Story |
| Status | Active |
Community Information
| Address | 1107 - 1113 Rainbow Drive |
|---|---|
| City | Waterloo |
| County | Black Hawk |
| State | IA |
| Zip Code | 50701 |
Amenities
| Utilities | Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Separate Meters, Water - Multiple Meters |
|---|---|
| Parking Spaces | 8 |
| Parking | Gravel, Parking Area, None |
| Is Waterfront | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Roof | Asphalt |
|---|
School Information
| Elementary | Fred Becker Elementary |
|---|---|
| Middle | Central |
| High | West High |
Additional Information
| Date Listed | April 14th, 2025 |
|---|---|
| Days on Market | 4 |
| Zoning | R-2 |
| Short Sale | No |
| RE / Bank Owned | No |
| Has Openhouse | No |
Listing Details
| Agent | Bond Shymansky |
|---|---|
| Office | Skogman Realty |