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Listing ID: 202304250
Price: $2,600,000
Status: Contingent
Address: 1001-1047 West Side Dr
City: Iowa City
State: Iowa
Postal Code: 52246
County: Johnson
Subdivision: WEST POINTE
Iowa City
Fantastic location for this rare opportunity to own 20 units on West Side Dr! These units are split between 2 buildings - 1001-1015 West Side Dr (8 plex) and 1025-1047 West Side Dr (12 plex) (odd unit numbers only)! 8 to 9 of the units have been updated with new LVP flooring or carpets. Each units has a 2 car detached garage. Neither building is in an association and independently run (no HOA). Rents are below market value and have room to increase! All units are rented through 2024. 2-4 units will be available for showings with 24 hrs notice required and no weekend showings.

Primary Features

County: Johnson
Property Sub Type: Multi-Family
Property Type: Multi-Family
Subdivision: WEST POINTE
Year Built: 1997
Zoning: Residential


Number of Fireplaces: 20
SqFt Above: 17118
Unit 1 Bedrooms: 2
Unit 1 Dining Room: no
Unit 1 Full Baths: 1
Unit 1 Living Room: yes
Unit 1 Number: 1001
Unit 2 Bedrooms: 2
Unit 2 Dining Room: no
Unit 2 Full Baths: 1
Unit 2 Living Room: yes
Unit 2 Number: 1003
Unit 3 Bedrooms: 2
Unit 3 Dining Room: no
Unit 3 Full Baths: 1
Unit 3 Living Room: yes
Unit 3 Number: 1005
Unit 4 Bedrooms: 2
Unit 4 Dining Room: no
Unit 4 Full Baths: 1
Unit 4 Living Room: yes
Unit 4 Number: 1007


Lot Dimensions: Condo


Area: Iowa City
Elementary School: Horn
High School: West
Junior/Middle School: Northwest


Associated Document Count: 6
Days on Market: 42
Internet: yes
New Construction: no
Rental Permit: yes
Status Category: Active
Units Total: 20


Annual Gross Expense: 55000
Annual Gross Income: 222000
Electric Annually: 950
Gas Annually: 30
Gross Tax (County & City): 46486
Sale/Lease: For Sale
Tax ID: 1020164001-10120164020
Tax Year Report: 2021
Unit 1 Monthly Rent: 930
Unit 2 Monthly Rent: 950
Unit 3 Monthly Rent: 910
Unit 4 Monthly Rent: 910
Variable Rate: no
Water Annually: 150

Zoning Info

© 2023 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Tim Lehman of Edge Realty Group

Contact - Listing ID 202304250

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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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