2416 Petsel Place, Iowa City

  • Property Photo 1
  • Property Photo 2
  • Property Photo 3
  • Property Photo 4

$600,000
4 Units
MLS: 202405567

Income/Investment, Always rented Currently leased through 7/2025 Great opportunity to own this income producing property with NO HOA. Units are condo'd out = lower taxes. Tenants Pay all Utilities. Owner responsible for snow & lawncare. Townhouse style with 1 car plus size garages, laundry off of garage. Open mid floor with Kitchen/Dining, Large Living room, 1/2 bath and deck space off of the DR. Upper floor full bath, 2 large bedrooms with walk-in closets. Newer insulated overhead garage doors. Recent radon test and Sellers Disclosure Addendum with list of recent repairs. Roof was new in 2015. Owner/Seller is licensed to sell Real Estate in the State of Iowa T 24 hour notice for all showings Showings allowed from 10am -7pm

      
Directions: Mormon Trek Blvd south of Melrose turn right on Petsel Place

Property Details

MLS #: 202405567
Price: $600,000
Year Built: 1981
Income/Yr: $53,500.00
Expense/Yr: $0.00
Parking: Attached Garage, Off Street, On Street
Basement: Concrete, Partial
Total Sq Ft: 4392
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $4,600.00
Insurance Expense: $2,500.00
Gross Tax: $9,560.00
Units: 4
Laundry: In Basement, Laundry Room
Energy Generation:
Heat/Cooling: Electric, Natural Gas, Forced Air, Central Air
Elementary: Borlaug
Middle: Northwest
High: West

Information deemed reliable but not guaranteed


Who To Contact

Agent Photo

Chris Shooter Lehman

319-330-8230
319-351-3355
shooter@edge-realtygroup.com
Agent Profile