$985,467
$1,025,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
7,874 SqFt
SOLD DATE : 10/10/2024
Key Details
Sold Price $985,467
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,874 sqft
Price per Sqft $125
MLS Listing ID 2401760
Sold Date 10/10/24
HOA Y/N No
Total Fin. Sqft 7874
Year Built 1972
Annual Tax Amount $10,684
Lot Size 1.300 Acres
Acres 1.3
Property Description
An 18-unit multi-family apartment complex is available for purchase. The building comprises 14 two-bedroom units and four one-bedroom units. The property offers several opportunities to add value for a new owner. Rents have been increasing steadily, and there is still ample room for further growth. Six detached garages are available to tenants who require covered parking. Additionally, there is a large vacant lot next to the building that can accommodate another 12 units. The property features a metal roof and newer utilities. A brand-new laundry facility was recently installed, and the lower level has plenty of storage space available for the owner to rent out.
Location
State IA
County Jones
Area Ot-E (East Of I-380)
Rooms
Basement Full
Interior
Interior Features InteriorFeatures
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Parking Space(s)
Water Access Desc Public
Garage Yes
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame,Vinyl Siding
Schools
Elementary Schools Monticello
Middle Schools Monticello
High Schools Monticello
Others
Pets Allowed Yes
Tax ID 0227303021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Pets Allowed Yes
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Bought with Cedar Rapids Area Association of REALTORS
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