$475,000
4.0 Units
MLS: 202504038
This well-maintained 4-plex on the west side of Iowa City offers a strong foundation with room to grow. Each of the four units features 2 bedrooms and 1 bathroom with a functional layout, dedicated off-street parking, and in unit laundry. Historically, the property has seen very low vacancy rates due to proximity to the University of Iowa, UIHC, and convenient access to shopping, dining, and bus routes. There may be an opportunity to add value for investors looking to increase cash flow with cosmetic updates. Whether you’re looking to expand your portfolio or enter the market with a property that has upside, this is a solid west side income producer with long-term potential.
MLS #: 202504038
Price: $475,000
Year Built: 1982
Income/Yr: $51,600.00
Expense/Yr: $0.00
Parking: Off Street
Basement: Concrete
Total Sq Ft: 3696
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $3,270.00
Insurance Expense: $2,400.00
Gross Tax: $7,412.00
Units: 4.0
Laundry:
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air, Ceiling Fans, Central Air
Elementary: Borlaug
Middle: Northwest
High: West
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Westwinds Real Estate Services, Inc. - Agent: Teague Case - Information furnished by Iowa City Area Association of Realtors