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Tony Lueken

tony@luekenre.com +1(319) 480-3875

$ 1,295,000

Est. payment | -/mo

1 Bath

Save Virtual Tour

$ 1,295,000

Est. payment | -/mo

Save Virtual Tour

1 Bath

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Subdivision Court Hill Condominums

MLS Listing ID 202602507

HOA Fees $18,000/ann

HOA Y/N Yes

Abv Grd Liv Area 9,756

Year Built 1993

Annual Tax Amount $23,256

Tax Year 2024

Property Sub-Type Multi Family

Property Description

Excellent investment opportunity in this well-maintained 12-unit multi-family property located on the east side of Iowa City. 2-bed, 1-bath condos with a history of reliable tenancy, this property is perfect for investors looking to expand their portfolio. All furnaces and A/Cs were replaced in May 2022. The units offer practical layouts, making them suitable for a variety of renters. Situated in a convenient location off of Court Street, it's close to schools, public transportation, and local amenities. This property is poised for consistent demand. This is a fantastic chance to own a multi-family property with a strong rental market.

Location

State IA

County Johnson

Zoning Residential

Direction East on Court Street to Left on S. Scott Boulevard. Building is on the left. Parking lot can be accessed off of Court Street.

Rooms

Basement Slab

Interior

Heating Forced Air

Cooling Ceiling Fans, Central Air

Flooring Carpet, Vinyl

Appliance Dishwasher, Dryer, Microwave, Range Or Oven, Refrigerator, Washer

Exterior

Parking Features Detached Garage, Guest

Community Features Sidewalks, Close To School, Close To Shopping, On Bus Line

Utilities Available City Sewer, City Water

Total Parking Spaces 4

Building

Structure Type Partial Brick,Vinyl,Frame

New Construction No

Schools

Elementary Schools Lucas

Middle Schools Southeast

High Schools City

Others

HOA Fee Include Building Liability Insurance,Exterior Maintenance,Trash,Maintenance Grounds

Tax ID 0918229049-60

Acceptable Financing Exchange1031, Cash, Conventional

Listing Terms Exchange1031, Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=Vj5NgAJS7hc

Listed by Westwinds Real Estate Services, Inc.

NEARBY SCHOOL & BUSINESS

+1(319) 480-3875

tony@luekenre.com

4515 N River Blvd NE, Cedar Rapids, IA 52411, USA

429-451 S Scott Boulevard Iowa City, IA 52245