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Listing ID: 202202914
Price: $470,000
Status: Contingent
Address: 310 Scott Ct 1-5
Unit Number: 1-5
City: Iowa City
State: Iowa
Postal Code: 52245
County: Johnson
Subdivision: Scott Court Condominiums
Iowa City
IA
52245
Five well maintained 2 bedroom/1 bath condos above commercial businesses on the east side of Iowa City. All five condos rented through July of 2022. Three leases extend through July of 2023. Roof recently replaced. Elevator in rear left of building on order and to be replaced by current owner. Updates include LVP flooring, new carpet, updated appliances in some units. $92.20 HOA dues per month per unit. All units occupied by tenants. 24 hour notice required for all showings. In an effort to disrupt as few tenants as possible, units #2 and #3 will be available for showings. After initial viewing, interested parties can contact agent directly for access to remaining units.

Primary Features

County: Johnson
Property Sub Type: Multi-Family
Property Type: Multi-Family
Subdivision: Scott Court Condominiums
Year Built: 2000
Zoning: Residential

Interior

SqFt Above: 3672
Unit 1 Bedrooms: 2
Unit 1 Dining Room: no
Unit 1 Full Baths: 1
Unit 1 Living Room: yes
Unit 1 Number: #1
Unit 2 Bedrooms: 2
Unit 2 Dining Room: no
Unit 2 Full Baths: 1
Unit 2 Living Room: yes
Unit 2 Number: 2
Unit 3 Bedrooms: 2
Unit 3 Dining Room: no
Unit 3 Full Baths: 1
Unit 3 Living Room: yes
Unit 3 Number: 3
Unit 4 Bedrooms: 2
Unit 4 Dining Room: no
Unit 4 Full Baths: 1
Unit 4 Living Room: yes
Unit 4 Number: 4

External

Location

Area: Iowa City
Elementary School: Lemme
Geo Address Line: 310 Scott Ct
High School: City
Junior/Middle School: Southeast

Additional

Addendum: Floorplans vary. Photos are of unit #2. Seller intends to 1031 funds.
Aging in Place Form: No
Associated Document Count: 3
Days on Market: 7
Elevators: Yes
Internet: yes
New Construction: no
Rental Permit: yes
Status Category: Active
Units Total: 5
Zero Step Entry: No

Financial

Annual Association Fee: 5532
Annual Gross Expense: 22000
Annual Gross Income: 43340
Gross Tax (County & City): 6989
Insurance Annually: 500
Maintenance Annually: 4500
Sale/Lease: For Sale
Tax ID: 0907371005-9
Tax Year Report: 2020
Unit 1 Monthly Rent: 710
Unit 2 Monthly Rent: 700
Unit 3 Monthly Rent: 710
Unit 4 Monthly Rent: 700
Variable Rate: no

Zoning Info


© 2022 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Teague Case of Westwinds Real Estate Services, Inc.

Contact - Listing ID 202202914

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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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