NOT LISTED FOR SALE
3 Beds
2 Baths
8,032 Sq Ft
4.59 Acres

Last Sold September 16, 2024

Last sale price $995,000 $124 Per Sq Ft

44 Days on Market

Highlights

  • 200,000 Sq Ft lot
  • Corner Lot
  • Forced Air Heating and Cooling System
  • Deck
  • Laundry Room

About This Home

As of September 2024

Here's your opportunity to own The Colonial Towers, a prime investment opportunity nestled in the heart of Waterloo. This historic 24-unitcomplex boasts a range of desirable features, making it an ideal addition to any investor's portfolio. The property's recent upgradesinclude a brand new roof and soffit, ensuring long-term durability and minimal maintenance costs for years to come. Inside, tenants willappreciate the appeal of hard floors throughout, offering both aesthetic charm and easy upkeep. Conveniently situated in a centrallocation, residents enjoy quick access to a variety of amenities, including shopping centers, dining options, schools, and recreationalfacilities. Each unit within the complex offers comfortable living spaces designed to meet the needs of modern renters. From cozy 1bedrooms to spacious 2 bedroom layouts, there's something to suit every lifestyle preference. Additionally, off-street parking and on-sitelaundry provide added convenience for tenants, enhancing the overall appeal of the property. Whether you're an experienced investorlooking to expand your portfolio or a newcomer seeking a lucrative opportunity, this 24-unit apartment building presents an exceptionalchance to capitalize on Waterloo's thriving market. Don't miss out on the chance to make this prime property yours and schedule ashowing today! Sellers are licensed real estate agents in Minnesota and California

Last Agent to Sell the Property

Lindsey Bierman

Epique Realty License #S68274000 Listed on: 06/14/2024

Epique Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,606

Year Built

  • Built in 1910

Lot Details

  • 4.59 Acre Lot
  • Lot Dimensions are 200x100
  • Corner Lot

Home Design

  • Block Foundation
  • Stucco Exterior Insulation and Finish Systems
  • Rubber Roof

Parking

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

Schools

  • Irving Elementary School
  • Central Middle School
  • West High School

Additional Features

  • Laundry Room
  • Deck
  • Forced Air Heating and Cooling System

Community Details

  • 24 Units
  • Water Sewer Expense $9,000

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 891326405046

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,606

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Parcel Number: 891326405046
  • Year Built: 1910
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Corner Lot
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 712-264-5678
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 8032
  • Architectural Style: Two or More Stories, Apartments (5+ Units)
  • Reso Roof: Rubber
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Below Grade Sq Ft: 8032

Exterior Features

  • Construction Type: Stucco EIFS
  • Exterior Features: Deck
  • Siding: Brick,Frame/Stucco

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 9000

Schools

  • Elementary School: Irving Elementary
  • High School: West High
  • Middle Or Junior School: Central

Lot Info

  • Zoning: C-1
  • Lot Dimensions: 200x100
  • Lot Size Sq Ft: 200000

Rental Info

  • Tenant Pays: Electricity
  • Lease Term: 6 Months or Less,9 Months or Less,Over 9 Months,Month to Month

Multi Family

  • Number Of Units Total: 24

Tax Info

  • Tax Annual Amount: 12606

Range of Values:

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Average Value
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List Price
Sold Price
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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
09/16/2024 09/16/24 Sold $995,000 0.0% $124 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
06/15/2024 06/15/24 For Sale $995,000 +91.3% $124 / Sq Ft
01/31/2020 01/31/20 Sold $520,000 -1.0% $70 / Sq Ft
12/23/2019 12/23/19 Pending -- -- --
12/13/2019 12/13/19 For Sale $525,000 -- $70 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20242530

Northeast Iowa Regional Board of REALTORS®