$629,500
$550,000
14.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/29/2026
Key Details
Sold Price $629,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Original Town
MLS Listing ID 202602686
Sold Date 05/29/26
HOA Y/N No
Abv Grd Liv Area 4,000
Year Built 1970
Annual Tax Amount $11,474
Tax Year 2025
Lot Dimensions 60 X 150
Property Sub-Type Multi Family
Property Description
Currently partially vacant but supported by an excellent rental history, this close-in property offers strong income potential and flexible use. Originally a single-family home, it has been converted into three 1-bedroom apartments along with six efficiency units off the alley, creating a total of nine rentable units. The location is highly desirable, providing convenient access to nearby amenities, transit, and the university. The property also features ample on-site parking, a valuable asset for tenants and a competitive advantage in the rental market. Great for an investor seeking a value-add opportunity or looking to expand their portfolio with a well-located multi-unit building. This property delivers both long-term potential and value.
Location
State IA
County Johnson
Zoning Multi-Family Residential
Direction Gilbert Street then east on Church Street
Rooms
Basement See Remarks
Interior
Interior Features Other
Heating Ductless, Electric, Natural Gas
Flooring Carpet, Vinyl
Fireplaces Type None
Appliance Range Or Oven, Refrigerator
Laundry None
Exterior
Exterior Feature Balcony
Parking Features Off Street
Community Features Close To School, Close To Shopping, Street Lights
Utilities Available City Sewer, City Water
Total Parking Spaces 4
Building
Structure Type Wood,Frame
New Construction No
Schools
Elementary Schools Mann
Middle Schools Southeast
High Schools City
Others
HOA Fee Include None
Tax ID 1010137014
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Bought with Pace Property Management Inc
NEARBY SCHOOLS & BUSINESSES
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Agent | License ID: S67677000
2530 Corridor Way Suite 202, Caralville, Iowa, 52241, United States