$1,300,000
$1,300,000
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SOLD DATE : 07/08/2025
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 202503298
Sold Date 07/08/25
Style Two Stories
HOA Y/N No
Abv Grd Liv Area 3,360
Annual Tax Amount $9,034
Tax Year 2023
Lot Dimensions 8,991 sq ft
Property Sub-Type Multi Family
Property Description
UNIQUE PROPERTY FOR SALE! TAILGATERS DREAM! ASSOC. DOCS has full info. - Located within walking distance to Carver and Kinnick. Corner lot with parking. 3 stall garages have been used in the past for game day events by the Owners and has a restroom. SALE INCLUDES 1004 NEWTON ROAD & 7 VALLEY AVE which are one parcel. 1004 Newton Road is a 2-story home with 4 rental units at $450/mo. each for $1,800 or $21,600 Annually. Tenants pay all Utilities. Annual Insurance is approx. $1,500. New roof in 2015. 7 Valley Ave is 4 rental units above a 3-stall garage, built in 1985 and rent for $650-$675 /mo. each, total of $2,675, or $32,100 Annually. Annual Insurance is approx. $2,500. Landlord provides: Water/Sewer/Garbage with a monthly Average of $133 or $1,596 Annually.
Location
State IA
County Johnson
Zoning MF
Direction Hwy 6 E to South on Valley Ave - property on corner of Valley Ave & Newton Road
Rooms
Basement Unfinished
Interior
Heating Forced Air, Steam
Flooring Carpet, Vinyl
Fireplaces Type Other
Appliance Range Or Oven, Refrigerator
Exterior
Parking Features Attached Garage, Off Street
Community Features Sidewalks, Street Lights, Other
Utilities Available City Sewer, City Water
Total Parking Spaces 4
Building
Structure Type Vinyl,Wood,Frame
New Construction No
Schools
Elementary Schools Lincoln
Middle Schools Southeast
High Schools City
Others
HOA Fee Include None
Tax ID 1009290013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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