$675,000
7.0 Units
MLS: 202605179
Unique 7 unit apartment building within walking distance of downtown & campus. Each Apt features 1 bedroom, 1 full bath & kitchen. Not a boarding house! Apt D vacated & available, Apt A lease expires 12/31 & rest leased through 7/31/27. Leases range from $400 to $775/Apt currently. Coin laundry washer & dryer in LL. Lower level units feature front and back entry doors. Two separate HVAC units: one for lower level (3 apts) & one for upper two floors (4 apts). Tenants pay gas & electric, Owner covers water, sewer, trash & heat. Detached single car garage currently rented for $50/mo. Buyers to provide Pre-Approval Letter or Proof of Funds with showing requests. Tenants Rights: 48 hour notice for showings: Buyer(s) to agree to 1031 tax-free exchange. Can 1031 bundle with 323 N Lucas St.
MLS #: 202605179
Price: $675,000
Year Built: 1900
Income/Yr: $52,380.00
Expense/Yr: $0.00
Parking: Detached Garage, Off Street, On Street
Basement: Block, Full, Walk Out Access
Total Sq Ft: 2302
Electric Expense: $0.00
Gas Annually: $6,267.86
Maint Expense: $6,602.29
Insurance Expense: $5,774.00
Gross Tax: $10,570.00
Units: 7.0
Laundry: In Basement, Laundry Room
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air, Ceiling Fans, Central Air
Elementary: Longfellow
Middle: Southeast
High: City
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: RE/MAX Concepts - Agent: CLAY CLAUSSEN - Information furnished by Iowa City Area Association of Realtors