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 is $825.00/month. As of 8-1-2024, the annual income will be $41,340.00. Tenants pay for electricity only.