Listing ID: 202301149
Price: $1,550,000
Status: Active
Address: 365 Ellis Ave
City: Iowa City
State: Iowa
Postal Code: 52246
County: Johnson
Subdivision: Manville Heights Addition
Iowa City
IA
52246
12-plex in Manville Heights near the Visual Arts Building, U of I Art Library, Hancher & Levitt Center. All units are 3 bed - 1 bath and approx 950 sqft each with an average rental rate of $1,171 per month. This property has a total annual income of $166,452, actual expenses are $76,676 for a $89,775 NOI. Cap is 5.8%. All financials, including proforma, P&L and rent roll can be found is Assoc Docs. Off street parking in the lot behind the building. Tenant rights apply, allow 48 hours for notice.
Primary Features
County:
Johnson
Property Sub Type:
Multi-Family
Property Type:
Multi-Family
Subdivision:
Manville Heights Addition
Year Built:
1983
Zoning:
RNS20
Interior
SqFt Above:
13542
Unit 1 Bedrooms:
3
Unit 1 Dining Room:
yes
Unit 1 Full Baths:
1
Unit 1 Living Room:
yes
Unit 1 Number:
1
Unit 2 Bedrooms:
3
Unit 2 Dining Room:
yes
Unit 2 Full Baths:
1
Unit 2 Living Room:
yes
Unit 2 Number:
2
Unit 3 Bedrooms:
3
Unit 3 Dining Room:
yes
Unit 3 Full Baths:
1
Unit 3 Living Room:
yes
Unit 3 Number:
3
Unit 4 Bedrooms:
3
Unit 4 Dining Room:
yes
Unit 4 Full Baths:
1
Unit 4 Living Room:
yes
Unit 4 Number:
4
External
Lot Dimensions:
Irregular
Location
Area:
Iowa City
Elementary School:
Lincoln
Geo Address Line:
365 Ellis Ave
High School:
City
Junior/Middle School:
Southeast
Additional
Addendum:
Contact listing agents or ShowingTime Units 5,6, and 7 only.
Aging in Place Form:
No
Associated Document Count:
4
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:
76676
Annual Gross Income:
166452
Electric Annually:
600
Gas Annually:
600
Gross Tax (County & City):
35516
Insurance Annually:
8850
Maintenance Annually:
3372
Sale/Lease:
For Sale
Tax ID:
1009108004
Tax Year Report:
2022
Unit 1 Monthly Rent:
1171
Unit 2 Monthly Rent:
1171
Unit 3 Monthly Rent:
1171
Variable Rate:
no
Water Annually:
1200
Zoning Info
© 2023 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS
Information deemed reliable, but not guaranteed
Listing courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS
Contact - Listing ID 202301149
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
