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50 W Broadway St , 1-6

CentralCityName, IA 52214
  • $515,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 202403357
$515,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Value-add investment opportunity! 6-unit multi-family property for sale in Central City. Just blocks away from the grocery store and easy access to Hwy 13. Units 1 & 2 are one bedroom, Units 3 & 6 are two bedroom, and Units 4 & 5 are three bedroom. Four of the units enter from outside with their own entrances. 5 out of the 6 units are currently occupied with a lease out for review on the 6th unit. There are two coin-operated washers and dryers that are available on the lower level producing additional income for the investor. There are three detached garages for tenant use that can be rented for $50/per month. Strong occupancy numbers with little to no vacancy over his 7 years of ownership. Financials and are available with a signed NDA. Buyer to verify total square footage. Parcel #s: 07034-36006-01000; 01001;01002;01003;01004;01005

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© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-06-25T00:25:59.727
www.gwenjohnson.com/homes/151441824
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50 W Broadway St , 1-6 CentralCityName, IA 52214

  • Price: $515,000
  • Status: Active
  • On Site: 17 Days
  • MLS #: 202403357
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Out Of Area
County:
Linn
Area:
Out Of Area
Elementary School:
Central City
Middle School:
Central City
High School:
Central City
Property Description
Value-add investment opportunity! 6-unit multi-family property for sale in Central City. Just blocks away from the grocery store and easy access to Hwy 13. Units 1 & 2 are one bedroom, Units 3 & 6 are two bedroom, and Units 4 & 5 are three bedroom. Four of the units enter from outside with their own entrances. 5 out of the 6 units are currently occupied with a lease out for review on the 6th unit. There are two coin-operated washers and dryers that are available on the lower level producing additional income for the investor. There are three detached garages for tenant use that can be rented for $50/per month. Strong occupancy numbers with little to no vacancy over his 7 years of ownership. Financials and are available with a signed NDA. Buyer to verify total square footage. Parcel #s: 07034-36006-01000; 01001;01002;01003;01004;01005
Exterior Features

Architectural Style OneStoryTwoStories Construction Materials VinylFrame Exterior Features DeckOther Parking Features DetachedCarportOffStreet

Interior Features

Above Grade Finished Area 3000 Appliances DishwasherRangeOrOvenRefrigeratorDryerWasher Basement Slab Bathrooms Total Integer 1 Below Grade Finished Area 2000 Cooling WindowUnits Fireplace Features None Flooring CarpetVinyl Green Indoor Air Quality SmokeDetectors Heating Baseboard Interior Features KitDiningRmCombCableAvailableEntranceFoyer Laundry Features LaundryRoom

Property Features

Association Fee Includes WaterOther Association Fee Text 0 Association YN No Auction Online Bid YN No Community Features StreetLightsCloseToSchoolCloseToShopping Compensation Remarks 3.0 Electric Expense 0 Expiration Date 2025-06-06 Gas Annually 0 Green Verification YN No Gross Income 57000 Insurance Expense 0 Listing Terms CashConventional Maintenance Expense 0 New Construction YN No Operating Expense 15417 Possession CloseOfEscrow Property Sub Type MultiFamily Renting Allowed YN Yes Tax Annual Amount 4430 Tax Year 2022 Utilities CitySewerCityWater Water Sewer Expense 0 Zoning R-3

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Angie Glick of GLD Commercial Real Estate Advisors: 319-731-3410.



© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-06-25T00:25:59.727
 
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2530 Corridor Way
Coralville IA, 52241