$538,000
$538,000
For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/19/2021
Key Details
Sold Price $538,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Hawkeye Heights
MLS Listing ID 202101189
Sold Date 04/19/21
Abv Grd Liv Area 844
Year Built 1981
Annual Tax Amount $11,471
Tax Year 2019
Lot Dimensions Irregular
Property Sub-Type Multi Family
Property Description
3 br / 1.5 ba fourplex on Petsel Place for sale at a 6.5 Cap Rate. Annual income is $63,466, expenses are $25,942 leaving an NOI of $37,524. The current owner is flexible in his leasing terms & used a tenant matching service that helps fill in vacant bedrooms when necessary. The building is well maintained with new HVAC in 2019, new roof in 2018 and all units remodeled from original condition. Utilities are paid by tenants in units 1 & 3, units 2 & 4 pay any utilities over $160 per month.
Location
State IA
County Johnson
Zoning RM12
Direction From Melrose Ave go West on Petsel Pl it is the 4th building on the South side of the road
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Appliance Dishwasher, Range Or Oven, Refrigerator
Exterior
Community Features Sidewalks, Close To School, Close To Shopping
Utilities Available City Water
Building
Structure Type Brick
New Construction No
Schools
Elementary Schools Borlaug
Middle Schools Northwest
High Schools West
Others
HOA Fee Include None
Tax ID 1017233005
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Keller Williams Legacy Group