$749,000
4.0 Units
MLS: 202500524
GREAT investment property just south of downtown area with easy access. Built by owner in 1983 on a quiet tree-lined street. Four units on two parcels (826-828: 1015180003 and 832-834:1015180004). One unit (834) has had a high-end remodel in recent years including wood floors in the kitchen, living room and hallway. Tile in the bathrooms and carpet in the bedrooms. Stainless steel appliances. Updated maple cabinets w/cushion close and drawer slides, undermount kitchen sink and granite counter tops w/breakfast bar. New HVAC system. Welcoming patio area and new driveway. Other three units have not had updates as they are always rented. Simple properties to manage. Company takes care of lawncare. Tenant removes snow. One-car garage with add'l parking pad for offstreet parking. Self managed. Valid rental permit through 1 OCT 2025. All units rented thru 31 JUL 2025.
MLS #: 202500524
Price: $749,000
Year Built: 1983
Income/Yr: $58,150.00
Expense/Yr: $0.00
Parking: Detached Carport, Off Street
Basement: Slab
Total Sq Ft: 1904
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $0.00
Insurance Expense: $3,601.00
Gross Tax: $9,788.00
Units: 4.0
Laundry:
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air, Ceiling Fans, Central Air
Elementary: Twain
Middle: Southeast
High: City
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Lepic-Kroeger, REALTORS - Agent: Le Ann Dunne - Information furnished by Iowa City Area Association of Realtors