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Listing ID: 202304387
Price: $165,000
Status: Active
Address: 402 Meridian St
City: Tipton
State: Iowa
Postal Code: 52772
County: Cedar
Subdivision: Tipton Lot 8 Blk 17
Investor Alert!! 4 unit rental property located in heart of Tipton, IA. This property is fully rented and generates approx. $26,700 in Gross Rental Income Annually. Now is the time to Add to you existing rental portfolio or get started with your 1st. Call and set up your showing Today!! Please allow 48 Hrs notice for all showings as a courtesy to the existing tenants.

Primary Features

County: Cedar
Price Before Reduction: 185000
Price Reduction Date: 2023-08-24T16:30:07+00:00
Property Sub Type: Multi-Family
Property Type: Multi-Family
Subdivision: Tipton Lot 8 Blk 17
Year Built: 1889
Zoning: Urban/Res 3+ units


SqFt Above: 2459
Unit 1 Bedrooms: 1
Unit 1 Dining Room: no
Unit 1 Full Baths: 1
Unit 1 Living Room: yes
Unit 1 Number: upper
Unit 2 Bedrooms: 1
Unit 2 Dining Room: no
Unit 2 Full Baths: 1
Unit 2 Living Room: yes
Unit 2 Number: main1
Unit 3 Bedrooms: 1
Unit 3 Dining Room: no
Unit 3 Full Baths: 1
Unit 3 Living Room: yes
Unit 3 Number: Main2
Unit 4 Bedrooms: 2
Unit 4 Dining Room: no
Unit 4 Full Baths: 1
Unit 4 Living Room: no
Unit 4 Number: Rear1


Lot Dimensions: 50x142


Area: NE Quadrant
Elementary School: Tipton
Geo Address Line: 402 Meridian St
High School: Tipton
Junior/Middle School: Tipton


Addendum: Please allow 48 hrs. Notice for all Showings
Aging in Place Form: No
Associated Document Count: 2
Days on Market: 22
Elevators: No
Internet: yes
New Construction: no
Rental Permit: no
Status Category: Active
Units Total: 4
Zero Step Entry: No


Annual Association Fee: None
Annual Gross Income: 26700
Electric Annually: 420
Gas Annually: 3000
Gross Tax (County & City): 1938
Insurance Annually: 1800
Maintenance Annually: 1200
Sale/Lease: For Sale
Tax ID: 0480-11-06-131-006-0
Tax Year Report: 2022
Unit 1 Monthly Rent: 600
Unit 2 Monthly Rent: 450
Unit 3 Monthly Rent: 600
Unit 4 Monthly Rent: 575
Variable Rate: no
Water Annually: 868

Zoning Info

© 2023 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Brad Akers of Robertson Real Estate Inc

Contact - Listing ID 202304387

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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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