100 N 8th Street #100 & 102
Guthrie Center IA 50115

Great investment opportunity in Guthrie Center! This well-maintained duplex, built in 1988, offers two spacious 2-bedroom, 1-bath units, each featuring a kitchen, first-floor living, private back patio, and an attached 336 SF garage. The sale also includes a 400 SF detached garage currently rented with Unit 102, providing additional value and income potential. The property sits on two lots totaling 0.36 acres with mature trees in both the front and back, offering great curb appeal and a comfortable setting for tenants. Exterior features include Hardiplank siding with a brick façade, while interiors feature standard finishes with carpet, vinyl flooring, and laminate countertops. Each unit has separate utilities paid by tenants, with the owner responsible for mowing and snow removal. Both long-term tenants (5+ years) are on annual leases paid monthly, with renewals set for January 1, 2026. Current rents are $675 and $750 per month, increasing to $725 and $800 in 2026, providing steady income growth. Property taxes for 2024 are $3,912. Mechanical systems including central air, furnace, and water heater are located in a crawl space with rear access. Zoned Residential, this property is located in Guthrie Center, the Guthrie County seat, just an hour west of Des Moines. The community offers schools, healthcare, shopping, and is close to Lake Panorama and Springbrook State Park. A great opportunity to own a stable, income-producing property in a growing market.

Legal: 31 LOTS 5 & 6 BLK 31