NOT LISTED FOR SALE

Estimated Value: $7,529,231

Studio
-- Baths
28,437 Sq Ft
$265/Sq Ft Est. Value

Sale Details

Date Sold: April 29, 2022

Last sale price $7,225,000 $254 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $49,072 / mo

6 Days on Market

About This Home

As of April 2022

Investor alert! Own one of the nicest multi-family buildings the tristate area has to offer. This 34 unit building was totally remodeled in 2010, and they were done to the upmost prestige. These units feature stainless steel appliances, beautiful wood floors, open brick concept. They are nothing short of beautiful. This building is sure to help any investors portfolio as it has a wonderful rent history with little to no vacancy. Owner is asking that any one interested or wanting to view the units be preapproved or have proof of funds so we don't disrupt the current tenants. This listing is for the residential units in this building, owner will be having the units split into condos for the purchase. Owner would entertain selling the building as whole and including the commercial space as well for 7,100,000. Current rent roles and apartment floor plans in associated docs.

Last Agent to Sell the Property

Jerry Elbert

EXIT Unlimited Listed on: 03/04/2022

EXIT Unlimited

Last Buyer's Agent

Tina Perry

Ruhl & Ruhl Realtors

Ruhl & Ruhl Realtors
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.72

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Kitchen

  • Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available

Listing and Financial Details

  • Tenant pays for gas, water, electric, heat

Community Details

Overview

  • 34 Units

Building Details

  • Insurance Expense $18,814
  • Utility Expense $31,638
  • Real Estate Tax Expense $76,186
  • Net Operating Income $461,045

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0.72 Acres

Listing Details

  • Class: Multi-Family
  • Style2: Condominium
  • Type: 5 Or More Units
  • Year Built: 1900
  • Lvt Date: 03/05/2022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Dishwasher, Washer, Dryer
  • Estimated Total Above Ground Sq Ft: 18958
  • Estimated Finished Sq Ft: 28437
  • Estimated Sq Ft: 28437
  • Estimated Lower Sq Ft: 9479
  • Estimated Main Sq Ft: 9479
  • Estimated Upper Sq Ft: 9479

Exterior Features

  • Roof: Rubber
  • Siding: Brick

Garage/Parking

  • Parking: Off Street, On Street

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas
  • Heat Type: Forced Air

Lot Info

  • Zoning: commercial, residential

Rental Info

  • Tenant Pays: Gas, Water, Electric, Heat

Multi Family

  • Number Of Units: 34

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
04/29/2022 04/29/22 Sold $7,225,000 0.0% $254 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/10/2022 03/10/22 Off Market $7,225,000 -- --
03/04/2022 03/04/22 For Sale $4,500,000 -- $158 / Sq Ft
Source: East Central Iowa 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
2022 $71,574 $2,179,260 $301,460 $1,877,800
2021 $71,574 $3,185,300 $251,220 $2,934,080
2020 $79,738 $3,185,300 $251,220 $2,934,080
2019 $82,556 $3,185,300 $251,220 $2,934,080
2018 $85,318 $3,185,300 $251,220 $2,934,080
2017 $89,940 $3,185,300 $251,220 $2,934,080
2016 $89,940 $3,185,300 $251,220 $2,934,080
2015 -- $3,361,129 $265,087 $3,096,042
2014 $92,598 $3,185,300 $251,220 $2,934,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: ECR144242

East Central Iowa Association of REALTORS®

APN: 10-25-290-028

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