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Tony Lueken

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

$ 480,000

Est. payment | -/mo

1 Bath

Save Virtual Tour

$ 480,000

Est. payment | -/mo

Save Virtual Tour

1 Bath

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Trailridge Condominiums

MLS Listing ID 202606325

HOA Fees $10,944/ann

HOA Y/N Yes

Abv Grd Liv Area 3,696

Year Built 1982

Annual Tax Amount $7,668

Tax Year 2025

Property Sub-Type Multi Family

Property Description

This well-maintained 4-plex on the west side of Iowa City offers a strong foundation with room to grow. Each of the four units features 2 bedrooms and 1 bathroom with a functional layout, dedicated off-street parking, and in-unit laundry. Historically, the property has seen very low vacancy rates due to proximity to the University of Iowa, UIHC, and convenient access to shopping, dining, and bus routes. There may be an opportunity to add value for investors looking to increase cash flow with cosmetic updates. Whether you're looking to expand your portfolio or enter the market with a property that has upside, this is a solid west side income producer with long-term potential.

Location

State IA

County Johnson

Zoning Residential

Direction Melrose Avenue or Mormon Trek Boulevard to Westwinds Drive

Rooms

Basement Concrete

Interior

Heating Forced Air, Natural Gas

Cooling Ceiling Fans, Central Air

Flooring Carpet, Vinyl

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

Exterior

Parking Features Off Street

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

Utilities Available City Sewer, City Water

Total Parking Spaces 4

Building

Structure Type Frame

New Construction No

Schools

Elementary Schools Borlaug

Middle Schools Northwest

High Schools West

Others

HOA Fee Include Building Liability Insurance,Exterior Maintenance,Trash,Pest Control

Tax ID 1017252017-2020

Acceptable Financing Exchange1031, Cash, Conventional

Listing Terms Exchange1031, Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=QJk7eQzyPR8

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

801 Westwinds Drive #1-4 Iowa City, IA 52246