NOT LISTED FOR SALE
-- Bed
-- Bath
12,108 Sq Ft
1976 Built

Sale Details

Date Sold: October 1, 2024

Last sale price $1,400,000 $116 Per Sq Ft

59 Days on Market

Highlights

  • Central Air
  • Garage
  • Wood Siding

About This Home

As of October 2024

Prime Investment Opportunity! Discover an exceptional investment opportunity with this remarkable portfolio of multi-unit rental buildings. This exclusive package features a total of 28 units, comprising four four-plex buildings, one eight-plex, and an additional four-plex on Oleson Rd, offering a diverse array of rental options. Each unit welcomes you with an inviting open living space, available in either one-bedroom or two-bedroom layouts, complemented by a full bathroom. Additional amenities include both front and rear entrances, ensuring convenience and privacy, as well as ample off-street and rear parking spaces for residents. Situated close to various shops, parks, and schools, this investment not only ensures high tenant demand but also offers the potential for significant growth. Don't miss out on this incredible opportunity to secure a valuable asset in a thriving community!

Last Agent to Sell the Property

Mersiha Mustedanagic

Oakridge Real Estate License #B66301000 Listed on: 06/12/2024

Oakridge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,562

Year Built

  • Built in 1976

Home Design

  • Slab Foundation
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 12,108 Sq Ft Home
  • Crawl Space
  • Laundry in Hall

Parking

  • Garage
  • 28 Open Parking Spaces
  • Parking Available
  • On-Street Parking

Schools

  • Kittrell Elementary School
  • Hoover Intermediate
  • West High School

Utilities

  • Central Air
  • Window Unit Cooling System

Community Details

  • 28 Units
  • Water Sewer Expense $500

Listing and Financial Details

  • Tenant pays for electricity, gas, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,562

Year Built

Built in 1976

Listing Details

  • Parcel Number: Multiple
  • Year Built: 1976
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: In Hall
  • Co List Office Phone: 319-249-5468
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 12108
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Slab

Exterior Features

  • Construction Type: Vinyl Siding, Wood Siding
  • Siding: Vinyl,Wood

Garage/Parking

  • Open Parking Spaces: 28
  • Parking Features: Garage, Parking Area, Parking Space, Street Parking, Detached

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Sewer: City Sewer
  • Utilities: Other
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 500

Schools

  • Elementary School: Kittrell Elementary
  • High School: West High
  • Middle Or Junior School: Hoover Intermediate

Lot Info

  • Zoning: R-3
  • Lot Dimensions: multiple dim

Rental Info

  • Tenant Pays: Electricity, Gas, Heat
  • Lease Term: Other

Multi Family

  • Number Of Units Total: 28

Tax Info

  • Tax Annual Amount: 28561.78

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Oct 1, 2024
Sold by
Bought by
Seller's Agent
Mersiha Mustedanagic
Oakridge Real Estate
List Price
$1,519,900
Sold Price
$1,400,000
Premium/Discount to List
-$119,900
-7.89%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0646%

Purchase Details

Closed on
Oct 28, 2019
Sold by
Bought by

Purchase Details

Closed on
Aug 29, 2013
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Wilber Virginia F
-- None Listed On Document
$150,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $200,000
Open $1,120,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 Sold $1,400,000 -7.9% $116 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $1,519,900 -- $126 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,918 $380,850 $30,800 $350,050
2024 $7,918 $364,950 $30,800 $334,150
2023 $7,746 $364,950 $30,800 $334,150
2022 $8,880 $352,690 $30,800 $321,890
2021 $9,730 $352,690 $30,800 $321,890
2020 $10,168 $352,690 $30,800 $321,890
2019 $10,168 $321,890 $0 $321,890
2018 $9,440 $268,250 $0 $268,250
2017 $9,364 $268,250 $0 $268,250
2016 $9,898 $250,600 $0 $250,600
2015 $9,898 $250,600 $0 $250,600
2014 $10,506 $281,400 $30,800 $250,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20242481

Northeast Iowa Regional Board of REALTORS®
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