NOT LISTED FOR SALE

729 W Cedar St Cherokee, IA 51012

-- Bed
-- Bath
35,328 Sq Ft
2.2 Acres

Last Sold April 11, 2022

Last sale price $900,000 $25 Per Sq Ft

15 Days on Market

About This Home

As of April 2022

38 unit, value-add multifamily property located in Cherokee, Iowa. The property has a great unit mix consisting of two studio apartments ($375/month), eleven one-bedrooms ($410/month), eighteen two-bedrooms ($460/month), and seven three-bedrooms ($510/month). Many upgrades have been made to the property including many new windows, new boiler, and remodeled units. 29/38 units are currently rented.

Last Agent to Sell the Property

Nic Madsen

Gateway Real Estate Advisors Listed on: 12/22/2021

Last Buyer's Agent

Nic Madsen

Gateway Real Estate Advisors Listed on: 12/22/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,268

Year Built

  • Built in 1900

Lot Details

  • 2.2 Acre Lot

Home Design

  • 35,328 Sq Ft Home

Listing and Financial Details

  • Assessor Parcel Number 0727378001

Community Details

Building Details

  • Electric Expense $4,600
  • Fuel Expense $10,447
  • Gross Income $190,788
  • Net Operating Income $103,136

Additional Features

  • 38 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,268

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Legal Description: Parcel #0727378001
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 35328
  • Main Level Sq Ft: 13694
  • Sq Ft 2nd Level: 10817
  • Sq Ft 3rd Level: 10817
  • Price Per Sq Ft: 25.48

Utilities

  • Coin Operated Laundry: Yes
  • Electric Expense: 4600
  • Heat Expense: 10447
  • Water Sewer Expenses: 12000

Lot Info

  • Acres: 2.2
  • Parcel Number: 0727378001
  • Zoning: Multi-Res

Rental Info

  • Paid By Electric: Tenant
  • Paid By Gas: Owner
  • Paid By Water: Owner

Tax Info

  • Gross Taxes: 5268

Multi Family

  • Rental Income: 205320
  • Electric Separate By Unit: Yes
  • Gross Income: 190788
  • Number Of Units: 38

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
04/11/2022 04/11/22 Sold $900,000 -10.0% $25 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
12/22/2021 12/22/21 For Sale $1,000,000 -- $28 / Sq Ft
Source: Northwest Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nic Madsen

    Seller's Agent in 2022

    Nic Madsen

    Gateway Real Estate Advisors

    (712) 540-6562

    2 in this area

    154 Total Sales

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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 815755

Northwest Iowa Regional Board of REALTORS®

APN: 098 07-27-378-001

Iowa Cherokee County Cherokee 51012

729 W Cedar St, Cherokee, IA

This home is located at 729 W Cedar St, Cherokee, IA 51012 since 22 December 2021. This property was built in 1900. 729 W Cedar St is a home located in Cherokee County with nearby schools including Roosevelt Elementary School, Cherokee Middle School, and Washington 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.

Northwest Iowa Regional Board of REALTORS® Information being provided is for consumers' personal, non-commercial use and 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.

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