$399,900
4.0 Units
MLS: 202506536
Solid investment opportunity in Keota! This fully occupied fourplex features four 2-bedroom, 1-bath units, each with a living room, dining area, in-unit laundry, private utility room, and both front and back entrances. Built in 1968 and situated on a large 0.68-acre lot, there’s plenty of space to build an additional fourplex (or more), pending city approval. Each unit currently rents for $675/month. Two tenants are on year-long leases; the other two are month-to-month. Off-street parking available for at least four vehicles. Units are equipped with central A/C and forced air heat. City water and sewer. Tenants are each paying for their own apartments utilities of electric, gas, and water. Interior photos are of Unit ! and Unit 3 before they got new tenants. Property is now fully rented. 48-hour notice required for all showings. Storage shed is reserved.
MLS #: 202506536
Price: $399,900
Year Built: 1968
Income/Yr: $32,400.00
Expense/Yr: $0.00
Parking: Off Street
Basement: Concrete, Slab, Walk Out Access
Total Sq Ft: 3024
Electric Expense: $204.00
Gas Annually: $0.00
Maint Expense: $3,000.00
Insurance Expense: $1,750.00
Gross Tax: $3,082.00
Units: 4.0
Laundry:
Energy Generation:
Heat/Cooling: Forced Air, Central Air
Elementary: Keota
Middle: Keota
High: Keota
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: RE/MAX Affiliates - Agent: Peter Schwartz - Information furnished by Iowa City Area Association of Realtors