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Listing ID: 202203548
Price: $950,000
Status: Contingent
Address: 612 S Van Buren
City: Iowa City
State: Iowa
Postal Code: 52240
County: Johnson
Subdivision: none
Iowa City
IA
52240
12-plex with 1 bdrm/1 bath with solid rental history and many long-term tenants most renewed for 2023. Rents between $745 - $775/month includes internet, heat, parking space, water & garbage. It's conveniently located less than a 30-minute walk from downtown, only 5 minutes by car and very close to the IC Bus Route #7101. Several units upgraded with LVP and new cabinets. Coin operated laundry is currently managed by Herkey Laundry, but could transfer to new owners. Shared entrance with building to the south. Set up showings online through Showing time. MUST HAVE 24 HOUR NOTICE!! ** Verify Schools.** Please use CDC guidelines when touring the units.

Primary Features

County: Johnson
Property Sub Type: Multi-Family
Property Type: Multi-Family
Subdivision: none
Year Built: 1972
Zoning: Multi-family

Interior

SqFt Above: 6144
Unit 1 Bedrooms: 1
Unit 1 Dining Room: no
Unit 1 Full Baths: 1
Unit 1 Living Room: yes
Unit 1 Number: 1
Unit 2 Bedrooms: 1
Unit 2 Dining Room: no
Unit 2 Full Baths: 1
Unit 2 Living Room: yes
Unit 2 Number: 2
Unit 3 Bedrooms: 1
Unit 3 Dining Room: no
Unit 3 Full Baths: 1
Unit 3 Living Room: yes
Unit 3 Number: 3
Unit 4 Bedrooms: 1
Unit 4 Dining Room: no
Unit 4 Full Baths: 1
Unit 4 Living Room: yes
Unit 4 Number: 4

External

Lot Dimensions: .2692

Location

Area: Iowa City
Elementary School: Longfellow
Geo Address Line: 612 S Van Buren St
High School: City
Junior/Middle School: Southeast

Additional

Addendum: Currently managed by Nest PM with tenant rights. MUST HAVE 24 HOUR NOTICE!! **Listing agent is related to sellers**.
Aging in Place Form: No
Associated Document Count: 3
Days on Market: 7
Elevators: No
Internet: yes
New Construction: no
Rental Permit: yes
Status Category: Active
Units Total: 12
Zero Step Entry: No

Financial

Annual Gross Expense: 64331.91
Annual Gross Income: 108203.33
Electric Annually: 644.24
Gas Annually: 2262.47
Gross Tax (County & City): 20366
Insurance Annually: 3341.53
Maintenance Annually: 11447
Sale/Lease: For Sale
Tax ID: 1015136007
Tax Year Report: 2020
Unit 1 Monthly Rent: 775
Unit 2 Monthly Rent: 750
Unit 3 Monthly Rent: 775
Unit 4 Monthly Rent: 775
Variable Rate: no
Water Annually: 2953

Zoning Info


© 2022 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Sandy Kacena of SB Kacena Real Estate LLC

Contact - Listing ID 202203548

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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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