NOT LISTED FOR SALE
4 Beds
-- Bath
2,344 Sq Ft
1890 Built

Last Sold October 01, 2024

Last sale price $400,000 $171 Per Sq Ft

139 Days on Market

Highlights

  • Living Room
  • Property is near schools
  • Heating System Uses Steam
  • City High School Rated A-

About This Home

As of October 2024

Investor Alert! Well-maintained five-unit multi-family property with several updates. Each apartment has its own bathroom, kitchen, and private entrance. Coin-operated laundry is available on the lower level. Off-street parking for five vehicles. Walking distance to the University of Iowa Campus, shopping, and restaurants. Annual expenses include garbage, water, electricity, gas, snow removal, lawn care, and maintenance. Fully leased through July 27, 2025. Showings for Pre-approved and/or letter of intent to purchase. One owner is a Licensed Realtor in the State of Iowa.

Last Agent to Sell the Property

LEE HUEDEPOHL

Keller Williams Legacy Group Listed on: 04/17/2024

Keller Williams Legacy Group

Last Buyer's Agent

Tom Kaut

Urban Acres Real Estate

Urban Acres Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 60x60

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 2,344 Sq Ft Home
  • Living Room
  • Oven or Range

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Location

  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Mann Elementary School
  • Southeast Middle School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • Radiant Heating System
  • Heating System Mounted To A Wall or Window
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1010277003

Community Details

Overview

  • 5 Units
  • Iowa City Original Town Subdivision

Building Details

  • Electric Expense $458
  • Fuel Expense $1,374
  • Insurance Expense $1,164
  • Maintenance Expense $1,800
  • Water Sewer Expense $1,133
  • Gross Income $40,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: Investor Alert! Well-maintained five-unit multi-family property with several updates. Each apartment has its own bathroom, kitchen, and private entrance. Coin-operated laundry is available on the lower level. Off-street parking for five vehicles. Walking distance to the University of Iowa Campus, shopping, and restaurants. Annual expenses include garbage, water, electricity, gas, snow removal, lawn care, and maintenance. Fully leased through July 27, 2025. Showings for Pre-approved and/or letter of intent to purchase. One owner is a Licensed Realtor in the State of Iowa.
  • Year Built: 1890
  • Tax Year Report: 2022
  • Subdivision: Iowa City Original Town
  • Rental Permit: Yes
  • Water Annually: 1133
  • Directions: US-6 East to Left on Park Rd, Right on N Dubuque St. Property on the left.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to School, Close to Shopping, On Bus Line
  • Basement Remarks: Block, Full, Unfinished
  • Possession R: Negotiable
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 2344

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 458
  • Gas Annually: 1374
  • Heating Cooling: Window/Wall Units, Gas, Radiant, Steam/Hotwater

Schools

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

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 60x60
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 7539
  • Assessor Parcel Number: 1010277003

Multi Family

  • Units Total: 5

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 Sold $400,000 -3.6% $171 / Sq Ft
09/26/2024 09/26/24 Price Changed $415,000 -2.4% $177 / Sq Ft
04/17/2024 04/17/24 For Sale $425,000 -- $181 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202402202

Iowa City Area Association of REALTORS®