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Listing ID: 202304071
Price: $1,100,000
Status: Active
Address: 1124 Oakcrest St.
City: Iowa City
State: Iowa
Postal Code: 52246
County: Johnson
Subdivision: None
Iowa City
12 Units @ 1124 Oakcrest St. in Iowa City 100% rented. 2 Bedroom 1 Bath units. Rent per unit at 1124 OC - $825. Many updates throughout the 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. This listing is affiliated with the building below and listed together at $2,050,000 PLEASE NOTE THAT ALL EXPENSE AND INCOME INFORMATION IS BOTH OF THESE 12 PLEX'S, EXPENSE NUMBERS HAVE NOT BEEN SEPERATED. PLEASE ASK LISTING AGENT FOR ALL INCOME AND EXPENSE REPORTS 1124 Oakcrest - $1.1M 934 23rd Ave. - $950,000

Primary Features

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


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


Lot Dimensions: IRR


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


Addendum: Showings to be set up with the Lepic Elite Home Team. Please contact either Matthew Lepic or Jim McDonald. Allow 48 hours' notice.
Days on Market: 51
Internet: yes
New Construction: no
Rental Permit: yes
Status Category: Active
Units Total: 12


Annual Association Fee: none
Annual Gross Expense: 104401.83
Annual Gross Income: 197544.55
Gross Tax (County & City): 20814
Sale/Lease: For Sale
Tax ID: 1016258004
Tax Year Report: 2022
Unit 1 Monthly Rent: 825
Unit 2 Monthly Rent: 825
Unit 3 Monthly Rent: 825
Unit 4 Monthly Rent: 825
Variable Rate: no

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 202304071

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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

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