Listing ID: 202301150
Price: $1,450,000
Status: Active
Address: 340 Ellis Ave
City: Iowa City
State: Iowa
Postal Code: 52246
County: Johnson
Subdivision: Manville Heights Addition
Iowa City
IA
52246
16-plex in Manville Heights near the Visual Arts Building, U of I Art Library, Hancher & Levitt Center. This unique building has 5 studio units and 11 one bedroom units, all leased with rents from $640 to $1060. Charming units, some with fireplaces. This property has a total annual income of $151,200, actual expenses are $69,556 for a $81,644 NOI. Cap is 5.6%. See the proforma in the Assoc Docs for all of the financial details. Tenant rights apply, please allow 48 hours for notice.
Primary Features
County:
Johnson
Property Sub Type:
Multi-Family
Property Type:
Multi-Family
Subdivision:
Manville Heights Addition
Year Built:
1938
Zoning:
RNS 20
Interior
Number of Fireplaces:
1
SqFt Above:
9756
Unit 1 Bedrooms:
1
Unit 1 Dining Room:
no
Unit 1 Full Baths:
1
Unit 1 Living Room:
yes
Unit 1 Number:
3
Unit 2 Bedrooms:
1
Unit 2 Dining Room:
no
Unit 2 Full Baths:
1
Unit 2 Living Room:
yes
Unit 2 Number:
11
Unit 3 Bedrooms:
1
Unit 3 Dining Room:
no
Unit 3 Full Baths:
1
Unit 3 Living Room:
yes
Unit 3 Number:
12
Unit 4 Bedrooms:
1
Unit 4 Dining Room:
no
Unit 4 Full Baths:
1
Unit 4 Living Room:
yes
Unit 4 Number:
32
External
Lot Dimensions:
Irregular
Location
Area:
Iowa City
Elementary School:
Lincoln
Geo Address Line:
340 Ellis Ave
High School:
City
Junior/Middle School:
Southeast
Additional
Addendum:
Contact listing agents to schedule a showing. ShowingTime will be enabled soon.
Aging in Place Form:
No
Associated Document Count:
3
Days on Market:
13
Elevators:
No
Internet:
yes
New Construction:
no
Rental Permit:
yes
Status Category:
Active
Units Total:
16
Zero Step Entry:
No
Financial
Annual Gross Expense:
69556
Annual Gross Income:
151200
Electric Annually:
600
Gas Annually:
600
Gross Tax (County & City):
24720
Insurance Annually:
6260
Maintenance Annually:
5504
Sale/Lease:
For Sale
Tax ID:
1009107001
Tax Year Report:
2022
Unit 1 Monthly Rent:
775
Unit 2 Monthly Rent:
775
Unit 3 Monthly Rent:
775
Unit 4 Monthly Rent:
775
Variable Rate:
no
Water Annually:
3487
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 202301150
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
