$1,550,000
$1,675,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
SOLD DATE : 10/03/2025
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision School Commisssions Subdi
MLS Listing ID 202502206
Sold Date 10/03/25
HOA Y/N No
Abv Grd Liv Area 3,200
Year Built 1983
Annual Tax Amount $18,083
Tax Year 2023
Lot Dimensions 180x40
Property Sub-Type Multi Family
Property Description
Nestled conveniently near Kinnick & UIHC. Built in 1983 by the current owner. 11 units- one is 3 BR/2BA. All units fully remodeled w/wood type floor, tile bathrooms, carpet in bedrooms, cabinets, countertops, plumbing fixtures, doors & millwork, electrical, stainless steel appliances & newer windows. New LED lights-units & common hallways. Newer coin ops laundry. Remodeled common hallways, doors, millwork & carpet. Re-insulated attic-2023. Parking lot painted-2024. In-unit laundry in three BR apartment. Water heat boiler & domestic hot water recently serviced. Fall 2024 updates: 12 wall unit AC. Gyp-Crete between floors for sound. Mostly brick building & newer vinyl siding. ALL NEW 3/4” roof sheeting, ice & damn entire roof, STANDING SEAM STEEL ROOF w/no penetration fasteners showing, snow/ice guard rail around entire roof, new vent pipes/ boots, new oversized 6” gutters & oversized 4”x 5” downspouts, new larger overhang over north exterior w/Malarkey class 4 impact resistant shingles, etc. VERY well-maintained property managed by owner. Laundry income: $350/mo. Potential add'l income sources: Game day parking, renting parking to tenants & travel nurse. Walking trail from complex to law college.
Location
State IA
County Johnson
Zoning MF
Direction Go west on Benton St from Riverside Dr. Michael St is to the right before Hudson St. Property is on right
Rooms
Basement Slab
Interior
Interior Features Breakfast Area, Bookcases, Skylight
Heating Forced Air, Natural Gas
Cooling Ceiling Fans, Central Air
Flooring Wood, Vinyl
Fireplaces Type None
Appliance Dishwasher, Dryer, Microwave, Range Or Oven, Refrigerator, Washer
Laundry In Hall, Main Level
Exterior
Parking Features Off Street
Community Features Close To School, Close To Shopping, On Bus Line, Street Lights
Utilities Available City Sewer, City Water
Total Parking Spaces 4
Building
Structure Type Brick,Frame
New Construction No
Schools
Elementary Schools Lincoln
Middle Schools Southeast
High Schools City
Others
HOA Fee Include None
Tax ID 1016184004
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Keystone Property Management Co.
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