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
IA
52246
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
Interior
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
External
Lot Dimensions:
Condo
Location
Area:
Iowa City
Elementary School:
Horn
High School:
West
Junior/Middle School:
Northwest
Additional
Associated Document Count:
6
Days on Market:
42
Internet:
yes
New Construction:
no
Rental Permit:
yes
Status Category:
Active
Units Total:
20
Financial
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
Information deemed reliable, but not guaranteed
Listing courtesy of Tim Lehman of Edge Realty Group
Contact - Listing ID 202304250
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
