$1,300,000
8.0 Units
MLS: 202503298
UNIQUE PROPERTY FOR SALE! TAILGATERS DREAM! ASSOC. DOCS has full info. - Located within walking distance to Carver and Kinnick. Corner lot with parking. 3 stall garages have been used in the past for game day events by the Owners and has a restroom. SALE INCLUDES 1004 NEWTON ROAD & 7 VALLEY AVE which are one parcel. 1004 Newton Road is a 2-story home with 4 rental units at $450/mo. each for $1,800 or $21,600 Annually. Tenants pay all Utilities. Annual Insurance is approx. $1,500. New roof in 2015. 7 Valley Ave is 4 rental units above a 3-stall garage, built in 1985 and rent for $650-$675 /mo. each, total of $2,675, or $32,100 Annually. Annual Insurance is approx. $2,500. Landlord provides: Water/Sewer/Garbage with a monthly Average of $133 or $1,596 Annually.
MLS #: 202503298
Price: $1,300,000
Year Built:
Income/Yr: $53,700.00
Expense/Yr: $0.00
Parking: Attached Garage, Off Street
Basement: Unfinished
Total Sq Ft: 3360
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $0.00
Insurance Expense: $0.00
Gross Tax: $9,035.00
Units: 8.0
Laundry:
Energy Generation:
Heat/Cooling: Forced Air, Steam
Elementary: Lincoln
Middle: Southeast
High: City
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: GATEWAY ACCESS REALTY - Agent: Karla Davis - Information furnished by Iowa City Area Association of Realtors