NOT LISTED FOR SALE
8 Beds
4 Baths
7,536 Sq Ft
1999 Built

Sale Details

Date Sold: February 28, 2025

Last sale price $460,000 $61 Per Sq Ft

26 Days on Market

Highlights

  • Living Room
  • Dining Room
  • Heating System Mounted To A Wall or Window
  • Property is near shops

About This Home

As of February 2025

Great investment opportunity in a nice North side neighborhood of Washington! This updated apartment building features 8 spacious 2 bedroom/1 bathroom units with three shared coin laundry rooms. Plenty of available parking for both tenants and guests. Landlord pays for water and trash. Various updates and improvements have been made. Newer metal roof (2017). Potential Income/Expense sheet in associated documents along with recent updates.

Last Agent to Sell the Property

Jessica Yoder

KALONA REALTY, INC. Listed on: 01/02/2025

Last Buyer's Agent

Maria McCaw

Urban Acres Real Estate Corridor

Urban Acres Real Estate Corridor
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1999

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 7,536 Sq Ft Home
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Dishwasher

Schools

  • Washington Elementary And Middle School
  • Washington High School

Utilities

  • Heating System Mounted To A Wall or Window
  • Internet Available

Additional Features

  • Lot Dimensions are 165x128
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 11-08-403-002

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $6,000
  • Maintenance Expense $2,500
  • Gross Income $66,810

Property Details

Home Type

Multi-Family

Year Built

Built in 1999

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: Great investment opportunity in a nice North side neighborhood of Washington! This updated apartment building features 8 spacious 2 bedroom/1 bathroom units with three shared coin laundry rooms. Plenty of available parking for both tenants and guests. Landlord pays for water and trash. Various updates and improvements have been made. Newer metal roof (2017). Potential Income/Expense sheet in associated documents along with recent updates.
  • Year Built: 1999
  • Rental Permit: Yes
  • Directions: W Washington St/Hwy 92, North on N 2nd Ave, East on E 17th St, South on N 6th Ave
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Street Lights, Close to Shopping
  • Basement Remarks: Slab
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Sq Ft Above: 7536

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Window/Wall Units, Electric

Schools

  • High School: Washington
  • Jr Middle School: Washington
  • Elementary School: Washington

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 165x128
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 11-08-403-002

Multi Family

  • Units Total: 8

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
Jan 2, 2025
Closed on
Feb 28, 2025
Sold by
Bought by
Seller's Agent
Jessica Yoder
KALONA REALTY, INC.
Buyer's Agent
Maria McCaw
Urban Acres Real Estate Corridor
List Price
$449,900
Sold Price
$460,000
Premium/Discount to List
$10,100
2.24%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Outstanding Balance
$360,343
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$460,000 None Listed On Document
-- --
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
Open $368,000
Previous Owner $345,032
Previous Owner $655,750
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
02/28/2025 02/28/25 Sold $460,000 +2.2% $61 / Sq Ft
01/28/2025 01/28/25 Pending -- -- --
01/02/2025 01/02/25 For Sale $449,900 -- $60 / Sq Ft
Source: Iowa City Area Association 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 $9,024 $454,000 $44,900 $409,100
2024 $9,024 $425,800 $44,900 $380,900
2023 $8,930 $425,800 $44,900 $380,900
2022 $10,176 $370,400 $44,900 $325,500
2021 $10,176 $370,400 $44,900 $325,500
2020 $10,666 $354,300 $44,900 $309,400
2019 $10,752 $340,800 $0 $0
2018 $11,200 $340,800 $0 $0
2017 $11,910 $349,100 $0 $0
2016 $12,388 $349,100 $0 $0
2015 $12,388 $297,300 $0 $0
2014 $10,724 $297,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202500048

Iowa City Area Association of REALTORS®

APN: 11-08-403-002

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