$895,000
10.0 Units
MLS: 202605446
10-plex on the west side of Iowa City with a strong rental history and consistently low vacancy. Functional unit layouts, ample off-street parking, and a desirable location near shopping, transit, and UIHC make this an attractive, easy-to-rent asset. Current ownership has maintained steady occupancy, offering reliable in-place income with upside potential. Opportunity exists to increase NOI through implementation of a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income. Solid cash-flowing investment with value-add components in a stable rental corridor. Ideal for investors seeking scale, stability, and room to grow returns over time.
MLS #: 202605446
Price: $895,000
Year Built: 1980
Income/Yr: $122,400.00
Expense/Yr: $0.00
Parking: Off Street
Basement: Concrete, Partial, Daylight
Total Sq Ft: 7488
Electric Expense: $2,000.00
Gas Annually: $2,000.00
Maint Expense: $18,000.00
Insurance Expense: $7,500.00
Gross Tax: $13,916.00
Units: 10.0
Laundry:
Energy Generation:
Heat/Cooling: Baseboard, Window Units
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