NOT LISTED FOR SALE

500 Henderson St Olin, IA 52320

7 Beds
4 Baths
1,600 Sq Ft
1994 Built

Last Sold August 04, 2021

Last sale price $260,000 $162 Per Sq Ft

46 Days on Market

Highlights

  • Living Room
  • Coin Laundry
  • Heating Available
  • Garage

About This Home

As of August 2021

What a great investment! 2-4 Plexs that are 100% occupied. This investment has a Great cash flow. All units have a detached garage and coin laundry in each building. They have been well maintained and are ready for their next landlord. See the attached "Rental" income for each unit.

Last Agent to Sell the Property

Kimberly Greiner

Skogman Realty Co. Listed on: 06/18/2021

Skogman Realty Co.

Last Buyer's Agent

Maria McCaw

Urban Acres Real Estate Corridor

Urban Acres Real Estate Corridor

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1994

Parking

  • Garage

Home Design

  • Quadruplex
  • Split Foyer
  • Vinyl Construction Material

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement Fills Entire Space Under The House
  • Oven or Range

Schools

  • Olin Elementary And Middle School
  • Olin High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Separate Meters
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1413485007 &

Community Details

Building Details

  • Electric Expense $1,350
  • Insurance Expense $6,000
  • Maintenance Expense $1,200
  • Water Sewer Expense $1,200
  • Gross Income $46,030

Additional Features

  • 8 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Possible Finance: 1031 Exchange, Cash, Conventional
  • Year Built: 1994
  • Subdivision: unknown
  • Type Multi Family: 2 Stories, Split Foyer, Fourplex
  • Water Annually: 1200
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 1600
  • Basement: Full
  • Laundry: Coin Laundry
  • Lower Level Sq Ft: 1600

Exterior Features

  • Construction: Vinyl

Garage/Parking

  • Parking: Garage

Utilities

  • Cooling: Window/Wall Units
  • Heating: Electric
  • Water Sewer: City Sewer, City Water
  • Utilities Available: Cable Paid by Ind., Electricity Ind. Meters
  • Electric Annually: 1350

Schools

  • High School: Olin
  • Jr Middle School: Olin
  • Elementary School: Olin

Green Features

  • Energy Related: Water Heater-Electric

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: .58
  • Zoning: M-Multi

Tax Info

  • Assessor Parcel Number: 1413485007 &

Multi Family

  • Units Total: 8

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2021 08/04/21 Sold $260,000 -5.5% $163 / Sq Ft
06/18/2021 06/18/21 For Sale $275,000 -- $172 / 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
2025 $2,198 $171,860 $9,500 $162,360
2024 $2,198 $142,530 $9,500 $133,030
2023 $2,206 $142,530 $9,500 $133,030
2022 $2,800 $128,200 $9,500 $118,700
2021 $2,800 $128,200 $9,500 $118,700
2020 $3,272 $128,200 $9,500 $118,700
2019 $3,742 $128,200 $0 $0
2018 $3,722 $128,200 $0 $0
2017 $3,722 $128,200 $0 $0
2016 $4,326 $128,200 $0 $0
2015 $4,326 $128,200 $0 $0
2014 $4,552 $106,630 $0 $0
2013 $3,974 $106,630 $11,350 $95,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202103604

Iowa City Area Association of REALTORS®