NOT LISTED FOR SALE

716 Randolph St Waterloo, IA 50702

Church Row Neighborhood
-- Bed
-- Bath
1,804 Sq Ft
0.32 Acres

Last Sold September 30, 2022

Last sale price $465,000 $258 Per Sq Ft

91 Days on Market

Highlights

  • 0.32 Acre Lot
  • Corner Lot
  • Forced Air Heating System

About This Home

As of September 2022

716 Randolph is a 12 unit building that are all 1 bedroom apartments. Current rent roll is at $5450. Latest Leases have been signed at $475 and have made water/sewer the responsibility of the tenants under a RUBS program. Rent Roll potential of $5700/month. With RUBS implemented on all units, expenses would be about $2,000 per month, putting NOI at $3700/month. Most of the units have been renovated, the ones that have not been renovated have long term residents. Listing agent is part owner of the property.

Last Agent to Sell the Property

Tyler Rasmussen

EPM, Iowa License #B63386000 Listed on: 04/26/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,144

Year Built

  • Built in 1971

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 140 x 100
  • Corner Lot

Home Design

  • 1,804 Sq Ft Home
  • Asphalt Roof
  • Aluminum Siding

Laundry

  • Washer and Gas Dryer Hookup

Parking

  • 12 Open Parking Spaces
  • No Garage
  • Parking Available
  • On-Street Parking

Schools

  • Lowell Elementary School
  • Bunger Middle School
  • West High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas, heat, water
  • Assessor Parcel Number 891326406023

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $1,970
  • Water Sewer Expense $11,000
  • Operating Expense $34,584
  • Gross Income $65,400
  • Net Operating Income $30,816

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,144

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Parcel Number: 891326406023
  • Year Built: 1971
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Dryer Hookup-Gas, Washer Hookup
  • ResoLotFeatures: Corner Lot
  • Lot Size Acres: 0.323
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 319-560-3543
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1804
  • Architectural Style: Apartments (5+ Units)
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None

Exterior Features

  • Construction Type: Aluminum Siding
  • Siding: Aluminum

Garage/Parking

  • Open Parking Spaces: 12
  • Parking Features: None, Parking Area, Street Parking

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: City Sewer
  • Utilities: Water Prorated
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 11000

Schools

  • Elementary School: Lowell Elementary
  • High School: West High
  • Middle Or Junior School: Bunger

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 140 x 100
  • Lot Size Sq Ft: 14069

Rental Info

  • Tenant Pays: Electricity, Gas, Heat, Water
  • Lease Term: Other

Multi Family

  • Gross Income: 65400
  • Operating Expense: 34584
  • Number Of Units Total: 12
  • Electric Expense: 1970
  • Net Operating Income: 30816

Tax Info

  • Tax Annual Amount: 6144

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 Change Sq Ft Price
09/30/2022 09/30/22 Sold $465,000 -5.1% $258 / Sq Ft
07/26/2022 07/26/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $490,000 -- $272 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Rasmussen

    Seller's Agent in 2022

    Tyler Rasmussen

    EPM, Iowa

    (319) 560-3543

    1 in this area

    50 Total Sales

    Tyler Rasmussen
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20221700

Northeast Iowa Regional Board of REALTORS®
Iowa Black Hawk County Waterloo 50702 Church Row

716 Randolph St, Waterloo, IA

This home is located at 716 Randolph St, Waterloo, IA 50702 since 26 April 2022. This property was built in 1971. 716 Randolph St is a home located in Black Hawk County with nearby schools including Lowell Elementary School, Bunger Middle 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.

Northeast Iowa Regional Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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