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Listing ID: 202202595
Price: $500,000
Status: Contingent
Address: 837-845 Maggard Street
City: Iowa City
State: Iowa
Postal Code: 52240
County: Johnson
Subdivision: P.J. REGAN'S SECOND ADDIT
Iowa City
IA
52240
Two duplex rental properties with great rental history fully leased now until next July 23, 2023. Tenants pay all utilities. Most units have updated kitchens along with other items. One duplex has 4 bedroom 2 bath 2 car garage unit and a 1 bedroom 1 bathroom unit. The other duplex has a 1 bedroom 1 bathroom and a Studio Apartment in it. This property is located close to Downtown Iowa City and University of Iowa Campus and Kirkwood College Campus. Great rental history. Sale is subject to Buyer completing a 1031 tax deferred exchange replacement property has already located. Seller is an Iowa Real Estate Broker.

Primary Features

County: Johnson
Property Sub Type: Multi-Family
Property Type: Multi-Family
Subdivision: P.J. REGAN'S SECOND ADDIT
Year Built: 1971
Zoning: Residential

Interior

SqFt Above: 3442
Unit 1 Bedrooms: 1
Unit 1 Dining Room: yes
Unit 1 Full Baths: 1
Unit 1 Living Room: yes
Unit 1 Number: 841
Unit 2 Bedrooms: 4
Unit 2 Dining Room: yes
Unit 2 Full Baths: 2
Unit 2 Living Room: yes
Unit 2 Number: 845
Unit 3 Bedrooms: 1
Unit 3 Dining Room: yes
Unit 3 Full Baths: 1
Unit 3 Living Room: yes
Unit 3 Number: 837
Unit 4 Dining Room: yes
Unit 4 Full Baths: 1
Unit 4 Living Room: yes
Unit 4 Number: 837.5

External

Lot Dimensions: Irregular

Location

Area: Iowa City
Elementary School: Longfellow
Geo Address Line: 837-845 Maggard St
High School: City
Junior/Middle School: Southeast

Additional

Addendum: 24 Hour Notice To Show Subject to Current Tenants Rights. Sale includes both parcels 1014257014 & 1014257016. Seller will offer $10K to Buyer towards concrete driveway and sidewalk replacement payable at closing to contractor. Concrete $10K offer is with a full price offer or must be negotiated in writing as part of any offer if not in offer it will not be paid by Seller.
Aging in Place Form: No
Associated Document Count: 4
Days on Market: 6
Elevators: No
Internet: yes
New Construction: no
Rental Permit: yes
Status Category: Active
Units Total: 4
Zero Step Entry: No

Financial

Annual Gross Income: 52020
Gross Tax (County & City): 9097.92
Sale/Lease: For Sale
Tax ID: 1014257016
Tax Year Report: 2020
Unit 1 Monthly Rent: 795
Unit 2 Monthly Rent: 1850
Unit 3 Monthly Rent: 895
Unit 4 Monthly Rent: 795
Variable Rate: yes

Zoning Info


© 2022 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Tracy Barkalow of Barkalow & Associates, Realtors

Contact - Listing ID 202202595

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Jeff Edberg

2346 Mormon Trek Blvd, Ste #2000
Iowa City, IA 52246
Phone: 319-331-6187
Phone Alt: 319-331-6187

Data services provided by IDX Broker

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