Description
Welcome to a great triplex with fabulous layout--& its fully rented! This well-maintained property features three spacious apartments. Apt #1 rents for $750 & has 12-ft ceilings, original hardwood floors, and oversized rooms--living/dining room & 2 beds. Large windows flood the apartments with light--they were replaced in 2024. Apt 2 is a 1 bed that currently rented for $600, with east entrance & Apt 3 is a 1 bed on northside upstairs & rents for $525. A solid investment with vintage appeal, including new windows & basement improvements, this triplex has strong long-term investment potential. All apartments are separately metered for all utilities. Value added with basement improvements for structural integrity. Passive income --you can live in one & pay the mortgage with rental income from the other 2 so schedule your viewing today! You'll find historic charm & a great investment opportunity in vibrant Fairfield Iowa!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 2,456
County: Jefferson
Subdivision: NEW PLAT
Listed By:
Village Realty
641-472-9900
No Coast MLS
MLS ID: 6335162
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307 E Briggs Avenue, Fairfield, IA 52556.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $140,000 | $140,000 | $140,000 |
| Down Payment | $28,000 | $4,900 | $35,000 |
| Monthly Mortgage Amount | $663 | $791 | $851 |
| Taxes | $195 | $195 | $195 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $62 | $0 |
| Monthly Estimated Total | $958 | $1,148 | $1,146 |
About this area
Find homes for sale in Fairfield, IA, and learn about the local community and real estate market.
Once touted by Smithsonian Magazine as one of the 20 Best Small Towns to Visit, Fairfield, Iowa offers the cozy feel of a small town but the culture and diversity of a place much larger. From its grand Victorians and Frank-Loyd Wright-inspired houses to its Vedic-style residences, there are many great places to live in Fairfield, Iowa.
A fun, eclectic town, Fairfield boasts a high quality of life and the warmth and friendliness the Midwest is known for. At its center is Central Park, an open green space surrounded by a bustling commercial district that includes eateries, art galleries, salons, independently owned shops, and other thriving local businesses. Main Street skirts the edge of the park, and just a block over, 2nd Street serves as an anchor for even more businesses. The Carnegie Historical Museum, among the oldest museums in the state, is a major draw to the area. Fairfield offers the variety you can’t always find in small-town living. Beautiful parks, golf courses, and nature preserves are scattered throughout town, giving residents plenty of options when it comes to exercise and outdoor activities.
Chautauqua Park boasts creekside walking trails as well as access to the Fairfield Loop Trail, which snakes its way through various parts of town. Head to Fairfield’s northern side to discover the splendor that awaits at Bonniefield Lake, a serene haven for a picnic, a hike, or an afternoon out on the water.
Homes for sale in Fairfield, IA come in a huge range of sizes, styles, and price ranges. There are adorable starter homes, well-maintained historical homes with tons of character, and even a few luxury abodes outfitted for modern living. Seeing some Fairfield real estate options in person gives you a deeper sense of the town’s distinctive architectural heritage. Reference the information below for up-to-date real estate market trends, nearby school profiles, community demographic information, and more. Ruhl&Ruhl Realtors has plenty of homes for sale in Fairfield, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Fairfield.
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Fairfield, IA Realtors
Fairfield is located northwest of Burlington. View homes for sale in the Burlington, Iowa area for more real estate options.
Nearest Ruhl&Ruhl Office
403 S. Gear Avenue, Suite 105
West Burlington, IA 52655
Phone Number: (563) 441-1776