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1890s House, 7 Attached apartments, 10.5 Acres Pasture (Leon, Iowa)

1890s House, 7 Attached apartments, 10.5 Acres Pasture (Leon, Iowa)



  1890s House, 7 Attached apartments, 10.5 Acres Pasture Leon, Iowa
 

 
Ad id: 1609170995407570
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A few years ago I offered my apartment house and 10.5 acres in Leon for sale, badly in need of some roofing, for the bargain price of $45,000. I was hoping to find someone who could do the work himself, or maybe had a friend in the roofing business. Eventually, I had the roofs redone myself. There is now new sheeting and shingles on the steeply slanted part of the original house, along with new guttering and downspouts. I have pressure washed all of the flat roofs and applied two new coats of white elastomeric coating, which should not need to be done for another three years or more. The garage and small shed (old chickenhouse), although still needing some repair, now have new metal roofs, so that your car and anything else you store will stay dry. The older part of the house now has a new 97% efficient gas boiler that heats the iron radiators, for the best heating you'll ever experience. In addition, at least two of the apartments have had extensive redecorating, including new carpeting. I, of course, have had to increase the price for the property, to reflect the money invested in the described improvements. I will now need $80,000, which includes seven apartments, attached to the historic 1890s original house, and 10.5 acres of pasture and trees which extend behind the apartment house and behind the next three houses to the north of my property. The pasture/trees is like having your own park. You can camp there, or build a weekend getaway cabin, if you wish. I enjoy going out and mowing, or cutting up dead trees and having bonfires, sledding down the hill in winter, seeing the wildlife there (I once rescued a fawn from a section of woven wire fence, and watched a mother raccoon and about five babies climb one of the trees.) The house is located across the corner from the swimming pool and Harvey Park, and about 3 blocks from the elementary school in Leon.

All but one of the apartments are currently rented, with great renters who pay their rent on time, or as agreed. Two of the apartments have two bedrooms each; the other five are one-bedroom units. I currently have the pasture rented for horses. The oldest part of the house (1890s) has 11 rooms, five of them that could be used as bedrooms. Two of the five would have access only through one of the other bedrooms. Or you could have two private bedrooms (one upstairs, one down) and two two-room bedroom suites. Or use one of the bedrooms as a library, as I do now. The possibilities are endless. If you wished not to live on the property, the older part of the house could probably be divided into two or three apartments. This part could use an extensive redecorating in most of the rooms. There is one full bath off the kitchen, and a smaller bath with a stool and sink off the downstairs bedroom. No baths upstairs. The house is heated with two hot-water boilers and one forced-air furnace. Three electric water heaters provide the hot water for the 8 units. Considering that this is a huge house, the utility bills in winter are possibly less than you would expect. The past few winters the bills have been no higher than they were 15 years ago, partly because of my winterization efforts, caulking every window and door in the place, partly because of more fuel-efficient appliances.

Although everything is fully functional at the moment, there are some repairs that could be made to improve the house overall, such as replacing some of the old cast iron sewer pipe, some foundation work (I have already replaced outside walls in two rooms), and a new paint job for the siding and trim. The siding is made of a material that will not rot, but cosmetically it would be much nicer with a good pressure wash and a new coat of paint. I have painted some parts at some times, but have never gotten the whole house done at once. I have rebuilt the upstairs porches and the steps that go up to them in recent years. There are two old (small) barns on the property that need to be torn down and/or replaced.

I will post some photos of the exterior of the house, the interior of one apartment, and a few of the inside of the older part of the house. If you would like more information, please feel free to request it. This property will work best for a handyman or handywoman (or even better, a handy couple), who like to work on, fix up, redecorate, and repair things. That was me about 40 years ago this past April, but over the years I have enjoyed working on the place less and less.

I'm sorry, but I will not be able to help finance this place for you. I will need the funds to pay off my loan at the bank and to buy a new place to live. For now, my price is firm. I've had more than one person tell me it should be worth more.

 
 
 
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Last Updated on: December 18, 2017
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