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514 N Dubuque St

Iowa City, IA 52245
  • $425,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 202402202
UPDATED: 92 min ago
$425,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1890
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Investor Alert! Well-maintained five-unit multi-family property with several updates. Each apartment has its own bathroom, kitchen, and private entrance. Coin-operated laundry is available on the lower level. Off-street parking for five vehicles. Walking distance to the University of Iowa Campus, shopping, and restaurants. Annual expenses include garbage, water, electricity, gas, snow removal, lawn care, and maintenance. Fully leased through July 27, 2025. Showings for Pre-approved and/or letter of intent to purchase. One owner is a Licensed Realtor in the State of Iowa. Following the owner's review of the pre-approval process, the tenant notice is 48 hours. Current rental permit with the City of Iowa City. Apt. 2-B $825.00/month. The annual income will be $41,340.00 as of 8-1-2024. Tenants pay for electricity only.

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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: 2024-06-16T15:26:11.633
www.gwenjohnson.com/homes/149325404
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514 N Dubuque St Iowa City, IA 52245

  • Price: $425,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 92 min ago
  • MLS #: 202402202
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1890
Built
Neighborhood:
Iowa City Original Town
County:
Johnson
Area:
Iowa City
Elementary School:
Mann
Middle School:
Southeast
High School:
City
Property Description
Investor Alert! Well-maintained five-unit multi-family property with several updates. Each apartment has its own bathroom, kitchen, and private entrance. Coin-operated laundry is available on the lower level. Off-street parking for five vehicles. Walking distance to the University of Iowa Campus, shopping, and restaurants. Annual expenses include garbage, water, electricity, gas, snow removal, lawn care, and maintenance. Fully leased through July 27, 2025. Showings for Pre-approved and/or letter of intent to purchase. One owner is a Licensed Realtor in the State of Iowa. Following the owner's review of the pre-approval process, the tenant notice is 48 hours. Current rental permit with the City of Iowa City. Apt. 2-B $825.00/month. The annual income will be $41,340.00 as of 8-1-2024. Tenants pay for electricity only.
Exterior Features

Architectural Style TwoStories Construction Materials AluminumSidingCompositFrame Exterior Features FrontPorch Lot Features Level Lot Size Dimensions 60x60 Parking Features OffStreet

Interior Features

Above Grade Finished Area 2344 Appliances RangeOrOvenRefrigerator Basement BlockFullUnfinished Bathrooms Total Integer 1 Below Grade Finished Area 0 Cooling WindowUnits Fireplace Features None Flooring CarpetVinyl Green Indoor Air Quality SmokeDetectors Heating NaturalGasSteam Interior Features NoneBookcasesCableAvailableLivingRoomSeparate Laundry Features InBasement

Property Features

Association Fee Text 0.00 Association YN Yes Auction Online Bid YN No Community Features SidewalksStreetLightsCloseToSchoolCloseToShoppingOnBusLine Compensation Remarks 3 Electric Expense 458 Expiration Date 2024-09-06 Gas Annually 1374 Green Verification YN No Gross Income 40440 Insurance Expense 1164 Listing Terms Exchange1031CashConventional Maintenance Expense 1800 New Construction YN No Operating Expense 10708 Possession Negotiable Property Sub Type MultiFamily Renting Allowed YN Yes Tax Annual Amount 7539 Tax Year 2022 Utilities CitySewerCityWater Water Sewer Expense 1133 Zoning Residential

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Lee Huedepohl of Keller Williams Legacy Group: 319-423-4139.



© 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: 2024-06-16T15:26:11.633
 
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