NOT LISTED FOR SALE

618 S Van Buren St Iowa City, IA 52240

Longfellow Neighborhood
4 Beds
4 Baths
2,048 Sq Ft
1972 Built

Last Sold January 03, 2020

Last sale price $925,000 $452 Per Sq Ft

25 Days on Market

Highlights

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

About This Home

As of January 2020

Fully occupied all one-bedroom 12-plex on Van Buren within a short walk to U of I. Units have central boiler and gas and water is paid by owner. Electric is paid by tenants. Rents are $700-$750 with total actual rent at $104,520, expenses at $39,069 and NOI at $65,460 showing a 6.7% CAP rate. New outside paint, units are in good shape and recent roof. Private off street parking lot.

Last Agent to Sell the Property

Jeff Edberg

Lepic-Kroeger, REALTORS Listed on: 10/03/2019

Lepic-Kroeger, REALTORS

Co-Listed By

Carmen Krueger

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Jeff Dill

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 160x75

Interior Spaces

  • 2,048 Sq Ft Home
  • Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Location

  • Property is near schools
  • Property is near shops

Schools

  • Longfellow Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Steam
  • Heating System Mounted To A Wall or Window
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1015136011

Community Details

Overview

  • 12 Units
  • Ruppert And Mattes Subdivision

Building Details

  • Electric Expense $6,934
  • Insurance Expense $2,456
  • Maintenance Expense $4,763
  • Gross Income $104,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: Fully occupied all one-bedroom 12-plex on Van Buren within a short walk to U of I. Units have central boiler and gas and water is paid by owner. Electric is paid by tenants. Rents are $700-$750 with total actual rent at $104,520, expenses at $39,069 and NOI at $65,460 showing a 6.7% CAP rate. New outside paint, units are in good shape and recent roof. Private off street parking lot.
  • T Val: 925000
  • Year Built: 1972
  • Tax Year Report: 2018
  • Subdivision: Ruppert and Mattes
  • Rental Permit: Yes
  • Directions: From Gilbert St east on Bowery St, south on S Van Buren, 12 plex on east side of street.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to School, Close to Shopping
  • Possession R: At Closing
  • Possible Finance R: Cash, Conventional, Contract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Sq Ft Above: 2048

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 6934
  • Heating Cooling: Window/Wall Units, Forced Air, Steam/Hotwater

Condo/Co-op/Association

  • Fees Include: None

Schools

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

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 160x75
  • Zoning: RM44

Tax Info

  • Gross Tax County City: 16694
  • Assessor Parcel Number: 1015136011

Multi Family

  • Units Total: 12

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
01/03/2020 01/03/20 Sold $925,000 -5.1% $452 / Sq Ft
10/03/2019 10/03/19 For Sale $975,000 -- $476 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeff Edberg

    Seller's Agent in 2020

    Jeff Edberg

    Lepic-Kroeger, REALTORS

    (319) 331-6187

    6 in this area

    175 Total Sales

    Jeff Edberg
    Section Image
  • Carmen Krueger

    Seller Co-Listing Agent in 2020

    Carmen Krueger

    Lepic-Kroeger, REALTORS

    (319) 330-4927

    1 in this area

    9 Total Sales

    Carmen Krueger
    Section Image
  • Jeff Dill

    Buyer's Agent in 2020

    Jeff Dill

    Lepic-Kroeger, REALTORS

    (319) 430-4400

    338 Total Sales

    Jeff Dill
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20196073

Iowa City Area Association of REALTORS®
Iowa Johnson County Iowa City 52240 Longfellow

618 S Van Buren St, Iowa City, IA

This home is located at 618 S Van Buren St, Iowa City, IA 52240 since 03 October 2019. This property was built in 1972. 618 S Van Buren St is a home located in Johnson County with nearby schools including Longfellow Elementary School, Southeast Junior High School, and City High School.

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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