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Listing ID: 202300684
Price: $2,200,000
Status: Active
Address: 1124 Oakcrest St. 934 23rd Ave. Pl Coralville
Unit Number: 934 23rd Ave. Pl Coralville
City: Iowa City
State: Iowa
Postal Code: 52246
County: Johnson
Subdivision: None
Iowa City
IA
52246
12 Units @ 1124 Oakcrest St. in Iowa City & 12 Units @ 934 23rd Ave Pl in Coralville. Both buildings are 100% rented. 2 Bedroom 1 Bath units. Rent per unit at 1124 OC - $825. Rent per unit at 934 23rd - $725. Many updates throughout both buildings. Neither building is in an association. Rents are below average and have a lot of room for increase. On site laundry at both locations.

Primary Features

County: Johnson
Property Sub Type: Multi-Family
Property Type: Multi-Family
Subdivision: None
Year Built: 1975
Zoning: R3+

Interior

Unit 1 Bedrooms: 2
Unit 1 Dining Room: yes
Unit 1 Full Baths: 1
Unit 1 Living Room: yes
Unit 1 Number: 1124
Unit 2 Bedrooms: 2
Unit 2 Dining Room: yes
Unit 2 Full Baths: 1
Unit 2 Living Room: yes
Unit 2 Number: 2
Unit 3 Bedrooms: 2
Unit 3 Dining Room: yes
Unit 3 Full Baths: 1
Unit 3 Living Room: yes
Unit 3 Number: 934
Unit 4 Bedrooms: 2
Unit 4 Dining Room: yes
Unit 4 Full Baths: 1
Unit 4 Living Room: yes
Unit 4 Number: 2

External

Lot Dimensions: IRR

Location

Area: Iowa City
Elementary School: Horn
Geo Address Line: 1124 Oakcrest St
High School: West
Junior/Middle School: Northwest

Additional

Addendum: Showings must be set up with Co-List Agent. Allow 48 hours notice.
Days on Market: 52
Internet: yes
New Construction: no
Rental Permit: yes
Status Category: Active
Units Total: 24

Financial

Annual Association Fee: none
Annual Gross Expense: 130000
Annual Gross Income: 220020
Electric Annually: 6113.5
Gross Tax (County & City): 37718
Insurance Annually: 12794.04
Maintenance Annually: 16233
Sale/Lease: For Sale
Tax ID: 1016258004 & 0731362001
Tax Year Report: 2022
Unit 1 Monthly Rent: 825
Unit 2 Monthly Rent: 825
Unit 3 Monthly Rent: 725
Unit 4 Monthly Rent: 725
Variable Rate: no
Water Annually: 7671

Zoning Info


© 2023 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Matthew Lepic of Lepic-Kroeger, REALTORS

Contact - Listing ID 202300684

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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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