$395,000
4 Units
MLS: 202404135
Rare opportunity to own a FULLY RENTED 4-Plex in a great location off Scott Blvd / Washington St. Each unit has its own parcel#, so you could sell units off if you want to. Coin operated laundry provides additional income. Association is self managed with owner of the other two buildings. Consistently rented. Owner has updated flooring and cabinetry in 3 of the 4 units and updated the front landscaping wall. Rents / Units are likely currently under rented / too low. Units show well. Rear exit / stairs in the back of each unit. Some newer appliances. Property (properties) being sold as is. #9 & #11 currently rented for $775 / month. #10 & #12 rented thru July 2025 for $850. Potential rent for around $900+/- per month. Coin operated laundry brings in around $1000 / year. 48 HOUR NOTICE FOR SHOWINGS. 10AM-6PM ONLY.
MLS #: 202404135
Price: $395,000
Year Built: 1983
Income/Yr: $37,200.00
Expense/Yr: $0.00
Parking: Guest, Off Street
Basement: Concrete
Total Sq Ft: 1812
Electric Expense: $480.00
Gas Annually: $0.00
Maint Expense: $0.00
Insurance Expense: $2,363.00
Gross Tax: $6,536.00
Units: 4
Laundry: In Hall, Other
Energy Generation:
Heat/Cooling: Electric, Natural Gas, Forced Air, Central Air
Elementary: Lemme
Middle: Southeast
High: City
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Urban Acres Real Estate - Agent: Mark Paterno - Information furnished by Iowa City Area Association of Realtors