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712 E Market St , And 720

Iowa City, IA 52245
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 15 Days
  • MLS #: 202205203
Under Contract
UPDATED: 15 min ago
$2,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1969
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

24 2 br 1 ba units in two buildings on Market Street, just east of Dodge St. near U of I and Mercy Hospital. Units are 750 feet with hot water heat and wall A/C units. Central laundry room and great parking in the rear that is alley accessible. Current rents are only $800 but with a little TLC I am estimating $950 or more. Tenants pay electric. Tenant right of 24 hour notice apply, but there may be vacant for immediate showings. See Associated documents for AS IS and Stabilized pro-forma.

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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: 2022-09-30T19:25:42.107
www.gwenjohnson.com/homes/133089443
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712 E Market St , And 720 Iowa City, IA 52245

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 15 Days
  • Updated: 15 min ago
  • MLS #: 202205203
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1969
Built
Neighborhood:
Original Town
County:
Johnson
Area:
Iowa City
Elementary School:
Mann
Middle School:
Southeast
High School:
City
Property Description
24 2 br 1 ba units in two buildings on Market Street, just east of Dodge St. near U of I and Mercy Hospital. Units are 750 feet with hot water heat and wall A/C units. Central laundry room and great parking in the rear that is alley accessible. Current rents are only $800 but with a little TLC I am estimating $950 or more. Tenants pay electric. Tenant right of 24 hour notice apply, but there may be vacant for immediate showings. See Associated documents for AS IS and Stabilized pro-forma.
Exterior Features

Construction BrickFrame

Interior Features

Appliances Range/OvenRefrigerator Basement See Renmarks Cooling Window/Wall UnitsGasForced Air Elevators No Number Fireplaces 0 Unit1 Number Full Baths 1 Unit1 Number Half Baths 0 Unit1 Number34 Baths 0 Unit1 Numberbedrooms 2 Unit2 Number Full Baths 1 Unit2 Number Half Baths 0 Unit2 Number34 Baths 0 Unit2 Numberbedrooms 2 Unit3 Number Full Baths 1 Unit3 Number Half Baths 0 Unit3 Number34 Baths 0 Unit3 Numberbedrooms 2 Unit4 Number Full Baths 1 Unit4 Number Half Baths 0 Unit4 Number34 Baths 0 Unit4 Numberbedrooms 2

Property Features

Amenities SidewalksStreet LightsClose To SchoolClose To Shopping Annual Assoc Fee 0 Annual Gross Expense 139607 Annual Gross Income 228288 Bank Owned No Electric Annually 6707 Gas Annually 0 Gross Taxcounty And City 59806 Insurance Annually 16385 Internet Yes Lot Dimensions 150 X 160 Maintenance Annually 5174 New Construction No Parking Spaces 4 Or More Cars Possible Finance 1031 ExchangeCashConventional Rental Permit Yes Sale Lease For Sale Sqft Above 7488 Sqft Lower 7488 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 800 Unit3 Dining Room No Unit3 Living Room Yes Unit3 Monthly Rent 800 Unit4 Dining Room No Unit4 Living Room Yes Unit4 Monthly Rent 800 Water Annually 8009 Water Sewer City SewerCity Water Zoning Rsn12 Ocd

Listing information © 2022 Iowa City Area Association of Realtors.
Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors: 319-351-8811.



© 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: 2022-09-30T19:25:42.107
 
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