12458 U S 18 Postville, IA 52162
Estimated payment $4,340/month
About This Home
Investment Opportunity!!! Don't let this one pass you by. 34 room motel. This motel has 15 long term rentals with 19 short term/overnight rentals. The property sits on 3.60 acres of land on the edge of Postville. Features of the property include a care takers apartment, guest laundry, Updates include : a metal roof new aprox 8 yr. Most rooms have been renovated to include new heat/cooling units, electrical, all lower level rooms added in the last 6 years. Common areas to include kitchen and laundry facitlity. Warehouse/shed 56' x36' metal shed sits to the rear of this property. Books open to qualified buyers
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,494
Year Built
- Built in 1954
Home Design
- Block Foundation
- Frame Construction
- Membrane Roofing
- Metal Roof
Parking
- 30 Open Parking Spaces
- No Garage
Schools
- Postville Elementary And Middle School
- Postville High School
Additional Features
- Laundry on main level
- 3.6 Acre Lot
- Cooling System Mounted In Outer Wall Opening
Community Details
- 34 Units
Listing and Financial Details
- Assessor Parcel Number 3904131001
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $8,494 | $330,100 | $81,913 | $248,187 |
| 2023 | $8,290 | $330,100 | $81,913 | $248,187 |
| 2022 | $9,832 | $297,957 | $73,010 | $224,947 |
| 2021 | $9,570 | $297,957 | $73,010 | $224,947 |
| 2020 | $9,570 | $288,383 | $39,259 | $249,124 |
| 2019 | $9,510 | $288,383 | $39,259 | $249,124 |
| 2018 | $9,510 | $290,134 | $38,490 | $251,644 |
| 2017 | $8,722 | $290,134 | $38,490 | $251,644 |
| 2015 | $9,100 | $263,758 | $34,991 | $228,767 |
| 2014 | $9,922 | $263,758 | $34,991 | $228,767 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2025 04/23/25 | Price Changed | $650,000 | -6.5% | $100 / Sq Ft |
| 04/01/2025 04/01/25 | Price Changed | $695,000 | -7.3% | $107 / Sq Ft |
| 03/12/2025 03/12/25 | For Sale | $750,000 | -- | $115 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20250972
APN: 22-39-04-131-001
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