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518 N Van Buren St

Iowa City, IA 52245
  • $400,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 202203988
UPDATED: 73 min ago
$400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Multifamily building in Iowa City in a great location close to downtown and the university of Iowa. 6 units in the building total, with the top unit having a rooming house designation with 4 separate bedrooms. Landlord pays all utilities. Lots of updates in the past 2 years including a new boiler system in 2020 and upgraded electric panel in 2021. Offstreet parking available. All units rented through July of 2022 for a total of $4425.00. With some further cosmetic renovations rents can be increased significantly. One owner license to sell real estate in Iowa. 48 hours notice required for showings, all units occupied.

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© 2022 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: 2022-08-10T17:25:47.217
www.gwenjohnson.com/homes/130667451
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518 N Van Buren St Iowa City, IA 52245

  • Price: $400,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 73 min ago
  • MLS #: 202203988
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Iowa City (Original Town
County:
Johnson
Area:
Iowa City
Elementary School:
Mann
Middle School:
Southeast
High School:
City
Property Description
Multifamily building in Iowa City in a great location close to downtown and the university of Iowa. 6 units in the building total, with the top unit having a rooming house designation with 4 separate bedrooms. Landlord pays all utilities. Lots of updates in the past 2 years including a new boiler system in 2020 and upgraded electric panel in 2021. Offstreet parking available. All units rented through July of 2022 for a total of $4425.00. With some further cosmetic renovations rents can be increased significantly. One owner license to sell real estate in Iowa. 48 hours notice required for showings, all units occupied.
Exterior Features

Construction Frame

Interior Features

Appliances MicrowaveRange/OvenRefrigerator Basement FinishedSee RenmarksSump Pump Cooling Ceiling FansGasWindow/Wall Units Elevators No Number Fireplaces 1 Unit1 Number Full Baths 1 Unit1 Number Half Baths 0 Unit1 Number34 Baths 0 Unit1 Numberbedrooms 1 Unit2 Number Full Baths 1 Unit2 Number Half Baths 0 Unit2 Number34 Baths 0 Unit2 Numberbedrooms 2 Unit3 Number Full Baths 0 Unit3 Number Half Baths 0 Unit3 Number34 Baths 1 Unit3 Numberbedrooms 1 Unit4 Number Full Baths 0 Unit4 Number Half Baths 0 Unit4 Number34 Baths 1 Unit4 Numberbedrooms 1

Property Features

Amenities Close To SchoolClose To Shopping Annual Assoc Fee 0 Annual Gross Expense 28947 Annual Gross Income 53100 Bank Owned No Electric Annually 1200 Fee Includes None Gas Annually 3600 Gross Taxcounty And City 12296 Insurance Annually 1700 Internet Yes Lot Dimensions 80X50 Maintenance Annually 2000 New Construction No Parking Spaces 4 Or More Cars Possible Finance CashContractConventional Rental Permit Yes Sale Lease For Sale Sqft Above 3020 Sqft Lower 984 Type Multi-Family Unit1 Dining Room No Unit1 Living Room Yes Unit1 Monthly Rent 800 Unit2 Dining Room No Unit2 Living Room Yes Unit2 Monthly Rent 795 Unit3 Dining Room No Unit3 Living Room No Unit3 Monthly Rent 550 Unit4 Dining Room No Unit4 Living Room No Unit4 Monthly Rent 650 Water Annually 1200 Water Sewer City SewerCity Water Zoning Residential Rooming House

Listing information © 2022 Iowa City Area Association of Realtors.
Listing provided courtesy of Bryant Nicholson of Pinnacle Realty.



© 2022 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: 2022-08-10T17:25:47.217
 
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