NOT LISTED FOR SALE

2104 & 2110 Davis St Iowa City, IA 52240

Wetherby Neighborhood

Estimated Value: $197,000 - $215,000

8 Beds
4 Baths
1,248 Sq Ft
$165/Sq Ft Est. Value

Last Sold May 25, 2017

Last sale price $235,000 $188 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $1,324/month

140 Days on Market

Highlights

  • Living Room
  • City High School Rated A-
  • Forced Air Heating System

About This Home

As of May 2017

7.15% cap rate with an estimated 40% expense ratio. All units currently leased out with great rental history. Each property has two units for a total of four, each with two bedrooms and one full bath. These properties have been updated with newer roof and windows within the past few years. Each unit comes with attached storage unit off of each assigned carport. All four units are currently leased for $720/month. Renters pay own utilities. All units are currently rented. Situated just off of Hwy. 6.

Last Agent to Sell the Property

Brian Watts

Watts & Co Realty, LLC Listed on: 01/04/2017

Last Buyer's Agent

Jerad Ruth

Skogman Realty Co.

Skogman Realty Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,694

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 71x128

Home Design

  • Slab Foundation

Interior Spaces

  • 1,248 Sq Ft Home
  • Living Room

Schools

  • Wood Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1023251001-1023251002

Community Details

Overview

  • 4 Units
  • Hollywood Manor Addition Subdivision

Building Details

  • Insurance Expense $790
  • Gross Income $34,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,694

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: 7.15% cap rate with an estimated 40% expense ratio. All units currently leased out with great rental history. Each property has two units for a total of four, each with two bedrooms and one full bath. These properties have been updated with newer roof and windows within the past few years. Each unit comes with attached storage unit off of each assigned carport. All four units are currently leased for $720/month. Renters pay own utilities. All units are currently rented. Situated just off of Hwy. 6.
  • Year Built: 1968
  • Tax Year Report: 2015
  • Subdivision: Hollywood Manor Addition
  • Rental Permit: Yes
  • Directions: Hwy. 6 to Taylor, Left on Tracy Ln., Right on Davis St.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks
  • Basement Remarks: Slab
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 1248

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Window/Wall Units, Gas, Forced Air

Schools

  • Elementary School: Wood
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Wood

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 71x128
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 4241.2
  • Assessor Parcel Number: 1023251001-1023251002

Multi Family

  • Units Total: 4

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Prime Properties Llc $59,000
Closed Prime Properties Llc $237,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2017 05/25/17 Sold $235,000 -18.9% $188 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $289,900 -- $232 / Sq Ft
Source: Iowa City Area Association 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 $2,694 $143,240 $51,300 $91,940
2023 $2,854 $143,240 $51,300 $91,940
2022 $2,726 $131,640 $47,880 $83,760
2021 $2,672 $131,640 $47,880 $83,760
2020 $2,672 $123,570 $44,460 $79,110
2019 $2,394 $123,570 $44,460 $79,110
2018 $2,394 $108,990 $37,620 $71,370
2017 $2,168 $105,560 $37,620 $67,940
2016 $2,126 $98,600 $30,780 $67,820
2015 $2,126 $98,600 $30,780 $67,820
2014 $2,080 $96,150 $30,780 $65,370
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brian Watts

    Watts & Co Realty, LLC

    (319) 621-8426

    7 Total Sales

    Brian Watts
    Section Image
  • Jerad Ruth

    Buyer's Agent in 2017

    Jerad Ruth

    Skogman Realty Co.

    (319) 538-6063

    194 Total Sales

    Jerad Ruth
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20170337

Iowa City Area Association of REALTORS®

APN: 1023251002

Iowa Johnson County Iowa City 52240 Wetherby

2104 & 2110 Davis St, Iowa City, IA

This home is located at 2104 & 2110 Davis St, Iowa City, IA 52240 since 04 January 2017 and is currently estimated at $206,379, approximately $165 per square foot. This property was built in 1968. 2104 & 2110 Davis St is a home located in Johnson County with nearby schools including Southeast Junior High School, City High School, and Willowwind School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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