NOT LISTED FOR SALE
Studio
-- Bath
22,960 Sq Ft
2.25 Acre Lot

Sale Details

Date Sold: September 3, 2019

Last sale price $2,595,000 $113 Per Sq Ft

40 Days on Market

About This Home

As of September 2019

Two 24 unit apartment building totaling 48 units. There are 20 - one bedroom units, 20 - two bedroom units, and 8- three bedroom units. These units have been well maintained and have a great occupancy rate. There are new metal roofs, new 80 gallon water heaters and 90% of the units have been remodeled. Assumable loan with qualification.

Last Agent to Sell the Property

Dan Hillman

Four Seasons Realtors License #B44063000 Listed on: 06/09/2019

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $48,000

Year Built

  • Built in 1966

Lot Details

  • 2.25 Acre Lot
  • Lot Dimensions are 577 x 169

Home Design

  • 22,960 Sq Ft Home
  • Brick Exterior Construction
  • Concrete Foundation
  • Block Foundation
  • Metal Roof
  • Vinyl Siding

Laundry

  • Laundry Room
  • Laundry on lower level

Parking

  • 48 Open Parking Spaces
  • No Garage
  • Parking Available
  • Paved Parking
  • On-Street Parking

Schools

  • Lou Henry Elementary School
  • Hoover Intermediate
  • West High School

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 881304152103150

Community Details

Overview

  • 48 Units

Building Details

  • Water Sewer Expense $15,000
  • Operating Expense $140,417
  • Gross Income $369,060
  • Net Operating Income $210,189

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$48,000

Year Built

Built in 1966

Lot Details

2.25 Acres

Listing Details

  • Parcel Number: 881304152103150
  • Year Built: 1966
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Laundry Room, Lower Level
  • Lot Size Acres: 2.25
  • Co List Office Phone: 319-274-8080
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 22960
  • Reso Roof: Metal
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Concrete

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Siding: Brick,Vinyl

Garage/Parking

  • Open Parking Spaces: 48
  • Parking Features: None, On Street, Parking Area, Paved

Utilities

  • Cooling: Wall Unit(s)
  • Sewer: City Sewer
  • Utilities: Garbage in Rent, Gas in Rent, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 15000

Schools

  • Elementary School: Lou Henry
  • High School: West High
  • Middle Or Junior School: Hoover Intermediate

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 577 x 169
  • Lot Size Sq Ft: 97966

Rental Info

  • Tenant Pays: Electricity
  • Lease Term: Over 9 Months

Multi Family

  • Gross Income: 369060
  • Operating Expense: 140417
  • Number Of Units Total: 48
  • Net Operating Income: 210189

Tax Info

  • Tax Annual Amount: 48000

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/03/2019 09/03/19 Sold $2,595,000 +0.8% $113 / Sq Ft
07/19/2019 07/19/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $2,575,000 0.0% $112 / Sq Ft
06/09/2019 06/09/19 Pending -- -- --
06/09/2019 06/09/19 For Sale $2,575,000 -- $112 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20193003

Northeast Iowa Regional Board of REALTORS®
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