Seller's Agent in 2022
Tyler Rasmussen
EPM, Iowa
(319) 560-3543
1 in this area
51 Total Sales
716 Randolph St Waterloo, IA 50702
Church Row Neighborhood
Studio
--
Bath
1,804
Sq Ft
14,070
Sq Ft Lot
Highlights
- 0.32 Acre Lot
- Corner Lot
- Forced Air Heating System
About This Home
As of September 2022716 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.
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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®
Agents Affiliated with this Home
-
Tyler Rasmussen
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20221700
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Based on information submitted to the MLS GRID
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