NOT LISTED FOR SALE

6 Fourplexes Boston Way Coralville, IA 52241

8 Beds
4 Baths
1,668 Sq Ft
1982 Built

Last Sold October 19, 2017

Last sale price $1,740,000 $1,043 Per Sq Ft

47 Days on Market

Highlights

  • Living Room
  • Property is near shops
  • Central Air
  • West High School Rated A

About This Home

As of October 2017

6 fourplex buildings with 8 garages. 922 A & B, 924, 945, and 947 Boston Way, Coralville. Rents at market rate average about $725. Many units are currently renting under market value. Potential market actual annual income $216k. Coin operated laundry in each building. Walking distance to Coralridge Mall, shops, dining and on bus line. Tenant's Rights, 24hr notice to show.

Last Agent to Sell the Property

Ross Nusser

Urban Acres Real Estate Corridor Listed on: 08/29/2017

Urban Acres Real Estate Corridor

Co-Listed By

Mark Paterno

Urban Acres Real Estate

Last Buyer's Agent

Jacob Schwebke

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Interior Spaces

  • 1,668 Sq Ft Home
  • Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Location

  • Property is near shops

Schools

  • Kirkwood Elementary School
  • North Central Middle School
  • Liberty High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1101102007 (922A)

Community Details

Overview

  • Association fees include garbage pickup, street maintenance, water
  • 24 Units
  • Heritage Estates Subdivision

Building Details

  • Electric Expense $1,350
  • Fuel Expense $1,350
  • Insurance Expense $9,500
  • Water Sewer Expense $7,620
  • Gross Income $171,348

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: 6 fourplex buildings with 8 garages. 922 A & B, 924, 945, and 947 Boston Way, Coralville. Rents at market rate average about $725. Many units are currently renting under market value. Potential market actual annual income $216k. Coin operated laundry in each building. Walking distance to Coralridge Mall, shops, dining and on bus line. Tenant's Rights, 24hr notice to show.
  • Year Built: 1982
  • Tax Year Report: 2016
  • Subdivision: Heritage Estates
  • Rental Permit: Yes
  • Water Annually: 7620
  • Directions: From Coralville strip: North on 25th Ave, left on 10th St, left on Boston Way
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • L O3 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to Shopping
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Sq Ft Above: 1668

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 1350
  • Gas Annually: 1350
  • Heating Cooling: Gas, Central

Condo/Co-op/Association

  • Fees Include: Garbage Pickup, Street Maintenance, Water

Schools

  • Elementary School: Kirkwood
  • Middle School: North Central
  • High School: Liberty High School
  • High School: Liberty High School
  • Jr Middle School: North Central
  • Elementary School: Kirkwood

Lot Info

  • Lot Dimensions: .13 acres
  • Zoning: R-4

Tax Info

  • Gross Tax County City: 36851
  • Assessor Parcel Number: 1101102007 (922A)

Multi Family

  • Units Total: 24

Range of Values:

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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
10/19/2017 10/19/17 Sold $1,740,000 -3.3% $1,043 / Sq Ft
10/15/2017 10/15/17 Pending -- -- --
08/29/2017 08/29/17 For Sale $1,800,000 -- $1,079 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ross Nusser

    Seller's Agent in 2017

    Ross Nusser

    Urban Acres Real Estate Corridor

    (319) 331-5206

    19 in this area

    168 Total Sales

    Ross Nusser
    Section Image
  • Mark Paterno

    Seller Co-Listing Agent in 2017

    Mark Paterno

    Urban Acres Real Estate

    (319) 936-7447

    15 in this area

    141 Total Sales

    Mark Paterno
    Section Image

  • J

    Buyer's Agent in 2017

    Jacob Schwebke

    Lepic-Kroeger, REALTORS

See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20174786

Iowa City Area Association of REALTORS®
Iowa Johnson County Coralville 52241

6 Fourplexes Boston Way, Coralville, IA

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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