Classic 1916 Bungalow in Iowa Offering Prime Rental Potential, Private 1-Stall Garage, New Tankless Water Heater and Two New AC Units

Allison Hendershot of RE/MAX Concepts

This charming bungalow is a fantastic investment opportunity with strong rental income potential. Featuring 2 bedrooms and 1 bathroom, this property has recently been updated with modern amenities including a new tankless water heater and two AC units (2023), as well as replaced water lines (2025). Structural improvements like a new support beam under the house add to its solidity. Located near the State Fairgrounds and offering a detached 1-stall garage, this home is perfect for investors. Priced at $135,000 and situated in the Neighborhood Finance Corporation area, buyers may qualify for up to $10,000 in grants. Sold “as is,” this bungalow blends historical charm with practical updates.

Front Yard and Driveway

Allison Hendershot of RE/MAX Concepts

A modest white single-story home is set back from a wide concrete driveway, leading to a detached garage at the rear. The simple façade includes a small front porch with a peaked roof supported by slender metal posts, providing an inviting entry. Black shutters frame the windows, adding contrast to the clean white siding. A large leafless tree dominates the left side of the front yard, which contains patches of grass and exposed soil. The overall scene conveys a quiet suburban atmosphere with a practical and unpretentious design aesthetic. Cracks in the driveway hint at some age and wear.

Front Exterior View

Allison Hendershot of RE/MAX Concepts

Single-story house with white horizontal siding and black shutters flanking the windows. A small covered front porch with a gabled roof shelters the main door, which has a diamond-shaped window. The house sits on a slightly raised brick foundation. Surrounding the home is a spacious lawn with patches of sparse grass and bare soil, bordered by a chain-link fence. Several mature trees without leaves suggest early spring or late fall. A concrete sidewalk leads around the corner of the house, blending the yard into a quiet suburban neighborhood setting with other homes and bare trees visible in the background.

Kitchen Entrance Area

Allison Hendershot of RE/MAX Concepts

A compact kitchen space with a light and airy feel enhanced by soft gray walls and white cabinetry. The ceiling features white beadboard paneling with an oval flush mount light fixture for a classic touch. A simple wood door with a diamond-shaped window allows natural light while maintaining privacy. Two large windows with white blinds brighten the area, contrasting with the black floor mat and light wood-toned flooring. The countertop is kept minimal, showcasing a small stainless steel sink and a white refrigerator tucked neatly into the corner, emphasizing functionality and simplicity.

Detached Garage Exterior

Allison Hendershot of RE/MAX Concepts

A small detached garage structure clad in horizontal white siding with a simple gable roof is visible. The front features a double window with white frames and a white door with a diamond-shaped glass inset and lower solid panel, complemented by a screen door. The garage sits on a concrete slab driveway, extending outward with some dirt stains and slight weather marks. Surrounding the garage are bare trees and a mix of fencing, including chain link and lattice, with neighboring houses and a suburban street in the background under a clear blue sky.

Backyard and Garage

Allison Hendershot of RE/MAX Concepts

Expansive green backyard with a slightly uneven lawn showcases an open, peaceful outdoor space. The white detached garage at the back of the yard features a simple gabled roof and a side door, connecting to a small concrete patio. A bitterly old leafless tree stands tall on the right beside a metal pipe frame, possibly for a clothesline. The yard is bordered by a weathered wooden fence topped with white lattice fencing for partial privacy. Neighboring houses with muted beige exteriors and bare trees in early spring complete the quiet residential setting under a bright, partly cloudy sky.

Backyard and Detached Garage

Allison Hendershot of RE/MAX Concepts

A modest backyard with a grassy lawn bordered by a chain-link fence houses a white detached garage with a gabled roof and two side storage doors. Concrete pavement leads up to the garage doors, contrasting with the green space. There is a simple black metal clothesline pole and a small circular patch, likely a fire pit, lined with bricks in the lawn area. The surroundings include neighboring homes and mature leafless trees, suggesting an early spring or late fall setting. The overall atmosphere is calm, functional, and typical of mid-century suburban backyards.

Detached Garage Exterior

Allison Hendershot of RE/MAX Concepts

White painted detached garage with traditional horizontal siding and a gable roof stands at the end of a broad concrete driveway. The garage door matches the exterior color and design, contributing to a simple, uniform look. Surrounding elements include a large tree to the left and a wooden fence section on the right of the garage, next to an adjacent building with white exterior walls and a black roof. The concrete driveway in front shows minor wear and weathering, enhancing the home’s older, lived-in charm. Clear blue sky and soft natural light complete the scene.

Simple Room Corner

Allison Hendershot of RE/MAX Concepts

Clean, minimalistic corner of a room defined by its all-white color palette. The walls and ceiling are paneled with narrow vertical and horizontal lines, creating subtle texture and a cottage-like ambiance. A white door with classic paneling and a silver round knob stands closed in the corner, adjacent to a window with white horizontal blinds filtering natural light. The room’s flooring is covered in a soft, muted grayish-beige carpet, adding warmth to the otherwise stark white space. A gray electrical panel is mounted on one wall, blending into the neutral decor. The overall aesthetic is simple, bright, and functional.

Living Room Details

Allison Hendershot of RE/MAX Concepts

The room displays a cozy living space with white painted wooden panel walls and ceiling, contributing to a bright, clean ambiance. A plush light gray sectional sofa occupies the corner, complemented by patterned throw pillows. The flooring is covered in a soft, grout beige carpet, enhancing warmth. Two windows adorned with dark gray curtains featuring a circular pattern bring soft natural light. A modern flat-screen TV stands on a black, fabric-covered table between the windows. The ceiling light fixture is modern and circular, matching the room’s subtle contemporary design. Artwork with vibrant colors adds a pop of contrast to the otherwise neutral palette.

Living Room Seating Area

Allison Hendershot of RE/MAX Concepts

White paneled walls and ceiling create a bright, airy atmosphere accentuated by the soft green carpeting. A modern sectional sofa in muted gray with patterned throw pillows anchors the seating area. Opposite the sofa, a long, tufted black leather bench with brass nailhead trim adds sleek contrast. Wall decorations include a multi-panel American flag artwork, introducing a patriotic touch to the otherwise neutral color palette. In the background, a small drop-leaf table and chairs suggest a multipurpose space, while warm lighting from a corner lamp adds a cozy glow to the minimalist yet inviting room.

Living Room Interior

Allison Hendershot of RE/MAX Concepts

The living room displays a clean, minimalist design with white shiplap paneling covering the ceiling and walls. Soft gray carpeting adds warmth underfoot, harmonizing with the light gray fabric sofa acting as a central seating element. Dark patterned curtains framing the windows on two sides contrast subtly with the white walls, enhancing visual interest. A modern black flat-screen TV stands against the back wall between two windows, supported by a dark media cabinet. A simple floor lamp with a white shade stands near a round wall clock, contributing subtle functional lighting. The overall ambiance is fresh and welcoming, blending traditional paneling with modern comfort.

Living Room Entry

Allison Hendershot of RE/MAX Concepts

White-painted wood paneling covers the walls and ceiling, lending a bright, clean, and traditional feel. The carpet is a muted gray-green shade, complementing the neutral tone of the sectional sofa, which has a light throw draped over its back. A black leather bench along the left wall adds seating and contrast. At the far end, a white entry door with a diamond-shaped window sits between two windows adorned with patterned dark gray curtains. A modern floor lamp with a warm yellow shade and a small sculpture on its base brings a touch of artistic warmth to the minimalist decor. A flat-screen TV displays a scenic nature image, completing this cozy yet simple living area.

Compact Bedroom Corner

Allison Hendershot of RE/MAX Concepts

White-painted vertical beadboard walls and ceiling create a clean, simple backdrop for the small bedroom. A deep blue-gray quilted bedspread covers the bed, adding texture and subtle color contrast to the room. The right corner features a white, open bookshelf stacked with various books, topped by a television displaying a serene lakeside sunset image. Dark patterned curtains with a geometric design hang on a simple rod, covering what appears to be either a window or closet area. The neutral gray carpet softens the floor, while a modern circular ceiling light completes the cozy, modest space.

Bedroom Corner

Allison Hendershot of RE/MAX Concepts

Small, cozy bedroom corner with white paneled walls and a simple white door leading to an adjoining room. The bed is covered with a dark blue quilted blanket featuring a subtle pattern, contrasting with the predominantly white surroundings. The adjoining room visible through the doorway has carpeted floors in muted gray-green tones, matching the bedroom carpeting. A tall, slender floor lamp with a shaded top and a round wall clock add understated functional decoration. The ceiling shows some modest design elements with a hatch or access panel, maintaining the clean, minimal aesthetic.

Bathroom Vanity Area

Allison Hendershot of RE/MAX Concepts

The space displays a small bathroom corner with beige walls and white fixtures. The sink has a white countertop with a simple silver dual-handle faucet. Above the sink is a rectangular mirror framed in white, reflecting a glimpse of a blue shower curtain with a textured or patterned design. To the left is a white toilet closely positioned to the sink. Mounted on the wall is a towel rack without a towel, and a distinctive colorful artwork featuring a close-up of a cow adds a playful, rustic charm to the otherwise minimalistic and neutral setting.

Compact Kitchenette Area

Allison Hendershot of RE/MAX Concepts

Small kitchen space with a clean, fresh design emphasizing functionality. White cabinetry with simple silver knobs lines the walls, paired with light wooden countertops adding warmth. A white refrigerator stands beside a stainless steel single-basin sink placed beneath a small window, allowing natural light to brighten the countertop. A white gas stove and oven sit next to a matching microwave, integrated into the cabinetry space. The walls are painted in a soft muted sage gray, which contrasts subtly with the white furniture. Wide windows with white horizontal blinds enhance the brightness, while a light wood floor and black mats ground the space. Ceiling panels provide subtle texture overhead.

Laundry Area Entryway

Allison Hendershot of RE/MAX Concepts

Two modern front-loading white laundry machines sit side by side beneath a window with closed white blinds, flanked by a wall-mounted cabinet and a bench or additional cabinetry in sleek white. The walls are painted a soft sage green, complemented by light wood flooring that adds warmth. A natural wood door features a small diamond-shaped window, bringing character to the space. A simple round clock and a calendar add functionality. Beige butcher block counters and white kitchen cabinetry are partially visible to the left, indicating the room’s adjacency to the kitchen area.

Listing Agent: Allison Hendershot of RE/MAX Concepts via Zillow