NOT LISTED FOR SALE

705 1/2 2nd St Unit 1-7 Coralville, IA 52241

4 Beds
-- Bath
2,825 Sq Ft
1967 Built

Last Sold December 08, 2017

Last sale price $300,000 $106 Per Sq Ft

235 Days on Market

Highlights

  • Living Room
  • Property is near shops
  • Heating System Uses Steam
  • West High School Rated A

About This Home

As of December 2017

7 units in these two buildings are for sale. The parcel for sale sits behind the Capri Lodge, the Capri Lodge parcel is not included in the sale; review attached map. The 7 units are a studio style apartment with a small kitchen and bathroom with each unit. Landlord pays for utilities, lawn care, snow care, and trash. Tenants pay for their lease and cable. Unit rents are in attached Proforma. Tenants are month to month. Units need work, but the financials are strong and the location is great.

Last Agent to Sell the Property

Mark Lynch

Skogman Realty Co. Listed on: 02/20/2017

Skogman Realty Co.

Last Buyer's Agent

Jill Armstrong

Skogman Realty Co.

Skogman Realty Co.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Home Design

  • Slab Foundation

Interior Spaces

  • 2,825 Sq Ft Home
  • Living Room
  • Oven or Range

Location

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

Schools

  • Central Elementary School
  • Northwest Middle School
  • West High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1005356016

Community Details

Overview

  • 7 Units
  • Coralville Comm Subdivision

Building Details

  • Electric Expense $2,050
  • Insurance Expense $2,800
  • Maintenance Expense $6,000
  • Water Sewer Expense $4,000
  • Gross Income $56,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: 7 units in these two buildings are for sale. The parcel for sale sits behind the Capri Lodge, the Capri Lodge parcel is not included in the sale; review attached map. The 7 units are a studio style apartment with a small kitchen and bathroom with each unit. Landlord pays for utilities, lawn care, snow care, and trash. Tenants pay for their lease and cable. Unit rents are in attached Proforma. Tenants are month to month. Units need work, but the financials are strong and the location is great.
  • Year Built: 1967
  • Tax Year Report: 2015
  • Subdivision: Coralville Comm
  • Rental Permit: Yes
  • Water Annually: 4000
  • Directions: On 2nd St in Coralville (Coralville Strip) behind the Capri Lodge.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Close to Shopping, On Bus Line
  • Basement Remarks: Slab
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 2825

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 2050
  • Heating Cooling: Window/Wall Units, Steam/Hotwater

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Central
  • Middle School: Northwest
  • High School: West
  • High School: West
  • Jr Middle School: Northwest
  • Elementary School: Central

Lot Info

  • Geo Subdivision: IA
  • Zoning: C2

Tax Info

  • Gross Tax County City: 6202
  • Assessor Parcel Number: 1005356016

Multi Family

  • Units Total: 7

Range of Values:

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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
12/08/2017 12/08/17 Sold $300,000 -14.3% $106 / Sq Ft
10/13/2017 10/13/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $350,000 -- $124 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Lynch

    Seller's Agent in 2017

    Mark Lynch

    Skogman Realty Co.

    (319) 331-0409

    15 in this area

    76 Total Sales

    Mark Lynch
    Section Image
  • Jill Armstrong

    Buyer's Agent in 2017

    Jill Armstrong

    Skogman Realty Co.

    (319) 631-5455

    198 in this area

    603 Total Sales

    Jill Armstrong
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20171212

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

705 1/2 2nd St Unit 1-7, Coralville, IA

This home is located at 705 1/2 2nd St Unit 1-7, Coralville, IA 52241 since 20 February 2017. This property was built in 1967. 705 1/2 2nd St Unit 1-7 is a home located in Johnson County with nearby schools including Central Elementary School, Northwest Junior High School, and West 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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