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Tony Lueken

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

$ 675,000

Est. payment | -/mo

1 Bath

Save

$ 675,000

Est. payment | -/mo

Save

1 Bath

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 202605179

Style Multi Level

HOA Y/N No

Abv Grd Liv Area 2,302

Year Built 1900

Annual Tax Amount $10,570

Tax Year 2024

Lot Dimensions 63x95

Property Sub-Type Multi Family

Property Description

Unique 7 unit apartment building within walking distance of downtown & campus. Each Apt features 1 bedroom, 1 full bath & kitchen. Not a boarding house! Apt D vacated & available, Apt A lease expires 12/31 & rest leased through 7/31/27. Leases range from $400 to $775/Apt currently. Coin laundry washer & dryer in LL. Lower level units feature front and back entry doors. Two separate HVAC units: one for lower level (3 apts) & one for upper two floors (4 apts). Tenants pay gas & electric, Owner covers water, sewer, trash & heat. Detached single car garage currently rented for $50/mo. Buyers to provide Pre-Approval Letter or Proof of Funds with showing requests. Tenants Rights: 48 hour notice for showings: Buyer(s) to agree to 1031 tax-free exchange. Can 1031 bundle with 323 N Lucas St.

Location

State IA

County Johnson

Zoning RES

Direction Close to downtown & campus between Dodge & Governor streets on east side of street.

Rooms

Basement Block, Full, Walk Out Access

Interior

Interior Features Kit Dining Rm Comb

Heating Natural Gas, Forced Air

Cooling Ceiling Fans, Central Air

Flooring Carpet, Wood, Vinyl

Fireplaces Type None

Appliance Range Or Oven, Refrigerator

Laundry In Basement, Laundry Room

Exterior

Exterior Feature Front Porch

Parking Features Detached Garage, Off Street, On Street

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

Utilities Available City Sewer, City Water

Total Parking Spaces 4

Building

Structure Type Vinyl,Frame

New Construction No

Schools

Elementary Schools Longfellow

Middle Schools Southeast

High Schools City

Others

HOA Fee Include Heating And Cooling,None

Tax ID 1010415008

Acceptable Financing Exchange1031, Cash, Conventional

Listing Terms Exchange1031, Cash, Conventional

Special Listing Condition Standard

Listed by RE/MAX Concepts

NEARBY SCHOOL & BUSINESS

+1(319) 480-3875

tony@luekenre.com

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

20 S Lucas St Iowa City, IA 52240