NOT LISTED FOR SALE

2222 Walnut St Cedar Falls, IA 50613

6 Beds
5 Baths
1,729 Sq Ft
8,712 Sq Ft

Last Sold September 30, 2022

Last sale price $484,500 $280 Per Sq Ft

35 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Holmes Junior High School Rated A-
  • 4-minute walk to Seerley Park

About This Home

As of September 2022

Great investment opportunity just a few blocks from the UNI campus. 5 units with a gross yearly income of $56,100.00. All utilities except water and sewer paid by tenants. House bill including water and sewer has a 24 month average of $227.00. Fully parked with assigned off street spots, coin operated laundry and fully rented through June 2023 make this one hard to pass up! Check out the virtual tour to see all the interior updates!

Last Agent to Sell the Property

Elke Gerdes

Structure Real Estate License #S59796000 Listed on: 06/17/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,490

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Stone Basement
  • Laundry on lower level

Parking

  • 8 Open Parking Spaces
  • No Garage
  • Parking Available
  • Paved Parking

Schools

  • Lincoln Elementary Cf
  • Holmes Junior High
  • Cedar Falls High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat
  • Assessor Parcel Number 891413311016

Community Details

Overview

  • 5 Units

Building Details

  • Water Sewer Expense $2,757
  • Gross Income $56,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,490

Year Built

Built in 1900

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Parcel Number: 891413311016
  • Year Built: 1900
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Lower Level
  • Lot Size Acres: 0.2
  • Co List Office Phone: 319-277-2121
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1729
  • Reso Roof: Asphalt
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock
  • Below Grade Sq Ft: 1540

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 8
  • Parking Features: None, Parking Space, Paved

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 2757

Schools

  • Elementary School: Lincoln Elementary CF
  • High School: Cedar Falls High
  • Middle Or Junior School: Holmes Junior High

Lot Info

  • Zoning: R-4
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat
  • Lease Term: Over 9 Months

Multi Family

  • Gross Income: 56100
  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 4489.57
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $484,500 -2.1% $280 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $495,000 -- $286 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

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
2025 $4,078 $304,440 $48,510 $255,930
2024 $4,078 $253,370 $32,340 $221,030
2023 $4,148 $253,370 $32,340 $221,030
2022 $4,946 $224,740 $38,810 $185,930
2021 $4,490 $224,740 $38,810 $185,930
2020 $4,758 $201,500 $38,810 $162,690
2019 $4,758 $162,690 $0 $162,690
2018 $5,070 $154,940 $0 $154,940
2017 $5,070 $154,940 $0 $154,940
2016 $5,222 $151,770 $0 $151,770
2015 $5,222 $151,770 $0 $151,770
2014 $5,500 $190,580 $38,810 $151,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20222753

Northeast Iowa Regional Board of REALTORS®

APN: 8914-13-311-016

Your Personal Tour Guide

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