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JJ Johannes

jj@thejohannesgroup.com +1(319) 540-1002

$ 1,375,000

Est. payment | -/mo

2 Baths

Save

$ 1,375,000

Est. payment | -/mo

Save

2 Baths

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Sadler Subdivision

MLS Listing ID 202604819

Style One Story,Two Stories

HOA Y/N No

Abv Grd Liv Area 5,880

Year Built 1971

Annual Tax Amount $12,500

Tax Year 2024

Lot Dimensions Irregular

Property Sub-Type Multi Family

Property Description

12 apartment units in 4 buildings with four, 2 bed 2 bath, four 2 bed 1 bath and four 1 bed 1 bath units. There are two 4-plexes and two duplexes on two adjacent lots in Tiffin. This location is just a block south of Marengo Rd & a block east of the Clear Creek Middle School. The 2 parcels are set off a quiet cul-de-sac but close to many conveniences, plus with I-80 only a third of a mile away, it makes this complex easy to lease for those who commute. The units are well kept and in good condition. The duplexes have laundry hookups in the units for the tenant's washer and dryer and the 4-plexes have a common coin operated laundry room. All units have through-the-wall AC units with individual gas heat and water. The parking lot is newer, and the overall look of this property is very neat and tidy. Many long-term tenants in place. Please allow 48-hour notice to show. See proforma in Associated Docs, note one renter enjoys a below market rate due to the length of their tenancy.

Location

State IA

County Johnson

Zoning R4

Direction From I-80 north on S Roberts Ferry Rd, E on W 3rd St, north on College St. From Hwy 6/Marengo Rd south on S Roberts Ferry Rd, E on W 3rd St, north on College St.

Rooms

Basement Crawl Space, Slab

Interior

Interior Features Pantry, Other, Living Room Dining Room Combo

Heating Baseboard, Forced Air

Cooling Ceiling Fans, Window Units

Flooring Carpet, Vinyl

Fireplaces Type None

Appliance Range Or Oven, Refrigerator, Dryer, Washer

Laundry In Hall

Exterior

Exterior Feature Other

Parking Features Off Street

Community Features Sidewalks, Street Lights, Close To School, Close To Shopping, Other

Utilities Available City Sewer, City Water

Total Parking Spaces 4

Building

Lot Description Cul De Sac

Structure Type Vinyl,Wood,Composit,Frame

New Construction No

Schools

Elementary Schools Clear Creek

Middle Schools Clear Creek

High Schools Clear Creek

Others

HOA Fee Include None

Tax ID 0628427009

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Lepic-Kroeger, REALTORS

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(319) 540-1002

jj@thejohannesgroup.com

301 College St #& 303 Tiffin, IA 52340