323 N Lucas St, Iowa City, IA 52245
323 N Lucas St, Iowa City, IA 52245
323 N Lucas St, Iowa City, IA 52245
323 N Lucas St, Iowa City, IA 52245
323 N Lucas St, Iowa City, IA 52245
323 N Lucas St, Iowa City, IA 52245
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$ 240,000
Est. payment | /mo

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$ 240,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Iowa City (Original Town)

MLS Listing ID 202605182

Style Two Stories

HOA Y/N No

Abv Grd Liv Area 1,528

Year Built 1900

Annual Tax Amount $4,154

Tax Year 2024

Lot Dimensions 6920SF

Property Sub-Type Multi Family

Property Description

Close to campus & downtown two story up/down duplex with separate entrances. One bedroom, full bath and laundry in both units. Central gas furnace & A/C units w/gas & electric costs and City trash/water/sewer utility costs shared by tenants. Could easily be restored to a single family home. Upper unit lease expires 10/31/26, Lower unit, 7/31/27. Current rent $600/mo each. Large off-street concrete parking in back of property. 12x18 detached garage. Radon mitigation system. New furnace ~2012. Buyers to agree to 1031 tax-exempt sale terms & can bundle with 20 S Lucas St. Tenants' Rights: minimum of 48 hours notice to show. Possession negotiable. Great opportunity!

Location

State IA

County Johnson

Zoning Residential

Direction Close to campus & downtown between Dodge & Governor streets

Rooms

Basement Block, See Remarks

Interior

Heating Forced Air

Flooring Carpet, Vinyl

Fireplaces Type None

Exterior

Exterior Feature Front Porch

Parking Features Detached Garage, Off Street, On Street

Community Features Park, Sidewalks, Street Lights, Close To Shopping, On Bus Line

Utilities Available City Sewer, City Water

Total Parking Spaces 4

Building

Lot Description Level

Structure Type Composit,Frame

New Construction No

Schools

Elementary Schools Mann

Middle Schools Southeast

High Schools City

Others

Tax ID 1010186005

Acceptable Financing Exchange1031, Cash, Conventional

Listing Terms Exchange1031, Cash, Conventional

Special Listing Condition Standard

Listed by RE/MAX Concepts

NEARBY SCHOOL & BUSINESS

Tony Lueken

+1(319) 480-3875

tony@luekenre.com

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

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323 N Lucas St