1. Iowa
2. Waterloo
3. 1107 - 1113 Rainbow Drive

1107 - 1113 Rainbow Drive, Waterloo, IA 50701

• 2,560 sqft

Property Description

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

Listing Status:

Active

Listing Office:

Skogman Realty : 563-920-9194

Listing Agent:

Bond Shymansky :

MLS ID:

20251576

Interior

• Laundry: 1st Floor2nd Floor
• Basement: BlockConcrete
• A/C: Central Air
• Heating: Forced AirNatural Gas

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Bond Shymansky, Skogman Realty