NOT LISTED FOR SALE

Estimated Value: $152,000 - $2,455,215

2 Beds
1 Bath
18,432 Sq Ft
$69/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $1,855,000 $101 Per Sq Ft

Current estimated payment $4,718/month

85 Days on Market

About This Home

As of April 2020

Two 28-Plex buildings of apartments available for sale in Waterloo. This profitable investment offers a high occupancy rate within the 56 units. There are (40) 1 bedroom and (16) 2 bedroom units. Each building has two washers and two dryers for tenants to use. Property is split up into multiple parcels. List available upon request. All measurements and parking spaces are approximate.

Last Agent to Sell the Property

Chris Fischels

Fischels Commercial Group License #B44779000 Listed on: 11/20/2019

Fischels Commercial Group

Co-Listed By

Melissa Youngblut

Fischels Commercial Group License #S63277000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,020

Year Built

  • Built in 1950

Lot Details

  • 2.16 Acre Lot
  • Additional Parcels

Home Design

  • 18,432 Sq Ft Home
  • Stucco Exterior Insulation and Finish Systems
  • Asphalt Roof

Parking

  • Garage
  • 32 Open Parking Spaces
  • On-Street Parking

Schools

  • Kittrell Elementary School
  • Hoover Intermediate
  • West High School

Additional Features

  • Laundry in Hall
  • Window Unit Cooling System

Community Details

  • 56 Units
  • Water Sewer Expense $1,000

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 891335154002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,020

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Parcel Number: 891335154002
  • Year Built: 1950
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: In Hall
  • Lot Size Acres: 2.16
  • Co List Office Mls Id: NBR163
  • Co List Office Phone: 319-234-5000
  • Co List Office Phone: 319-234-5000
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 18432
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None

Exterior Features

  • Construction Type: Stucco EIFS
  • Siding: Stucco

Garage/Parking

  • Open Parking Spaces: 32
  • Parking Features: Detached, Garage, Street Parking

Utilities

  • Cooling: Window Unit(s)
  • Sewer: City Sewer
  • Utilities: Cable in Rent, Elec Individual Meters, Garbage in Rent, Gas in Rent, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 1000

Schools

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

Lot Info

  • Zoning: R-3
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 94089
  • Additional Parcels: Yes

Rental Info

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

Multi Family

  • Number Of Units Total: 56

Tax Info

  • Tax Annual Amount: 40020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2019
Closed on
Apr 24, 2020
Sold by
Metro Investments Multi Unit Llc
Bought by
Mcquaid Kevin and Mcquaid Jessica
Seller's Agent
Chris Fischels
Fischels Commercial Group
List Price
$1,999,900
Sold Price
$1,855,000
Premium/Discount to List
-$144,900
-7.25%
Current Estimated Value
$847,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,007,224
Avg. Annual Appreciation
-15.62%
Original Mortgage
$1,355,000
Outstanding Balance
$1,209,926
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
-$464,837
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcquaid Kevin $1,855,000 Black Hawk Cnty Abstract Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcquaid Kevin $1,355,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold $1,855,000 -7.2% $101 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
11/20/2019 11/20/19 For Sale $1,999,900 -- $109 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,279 $36,190 $2,150 $34,040
2023 $1,257 $36,190 $2,150 $34,040
2022 $1,237 $34,800 $2,480 $32,320
2021 $1,281 $34,800 $2,480 $32,320
2020 $1,269 $34,800 $2,480 $32,320
2019 $1,552 $34,800 $2,480 $32,320
2018 $776 $34,800 $2,480 $32,320
2017 $776 $34,800 $2,480 $32,320
2016 $790 $34,800 $2,480 $32,320
2015 $790 $34,800 $2,480 $32,320
2014 $804 $34,800 $2,480 $32,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20196204

Northeast Iowa Regional Board of REALTORS®

APN: 8913-35-154-002