2427 Petsel Iowa City IA 52246
2427 Petsel Iowa City IA 52246
2427 Petsel, Iowa City, IA, 52246
$575,000
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Basics
- Date added: Added 1 week ago
- Type: MULTI-FAMILY
- Status: Sold
- DOM: 12
- Subdivision: Hawkeye Heights
- Year built: 1981
- Water/Sewer: City Water
- Heating/Cooling: Gas,Central,Forced Air
- Units Total: 4
- Address: 2427 Petsel, Iowa City, IA, 52246
- MLS ID: 202101189
Description
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Description:
3 br / 1.5 ba fourplex on Petsel Place for sale at a 6.5 Cap Rate. Annual income is $63,466, expenses are $25,942 leaving an NOI of $37,524. The current owner is flexible in his leasing terms & used a tenant matching service that helps fill in vacant bedrooms when necessary. The building is well maintained with new HVAC in 2019, new roof in 2018 and all units remodeled from original condition. Utilities are paid by tenants in units 1 & 3, units 2 & 4 pay any utilities over $160 per month.
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Location
- Directions: From Melrose Ave go West on Petsel Pl it is the 4th building on the South side of the road
- County: Johnson
Amenities & Features
- Features:
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