365 Ellis Ave Iowa City IA 52246
365 Ellis Ave Iowa City IA 52246
365 Ellis Ave, Iowa City, IA, 52246Basics
- Date added: Added 7 days ago
- Type: MULTI-FAMILY
- Status: Sold
- DOM: 52
- Subdivision: Manville Heights Addition
- Year built: 1983
- Water/Sewer: City Sewer,City Water
- Heating/Cooling: Gas,Central,Forced Air
- Units Total: 12
- Address: 365 Ellis Ave, Iowa City, IA, 52246
- MLS ID: 202301149
Description
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Description:
12-plex in Manville Heights near the Visual Arts Building, U of I Art Library, Hancher & Levitt Center. All units are 3 bed - 1 bath and approx 950 sqft each with an average rental rate of $1,171 per month. This property has a total annual income of $166,452, actual expenses are $76,676 for a $89,775 NOI. Cap is 5.8%. All financials, including proforma, P&L and rent roll can be found is Assoc Docs. Off street parking in the lot behind the building. Tenant rights apply, allow 48 hours for notice.
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Location
- Directions: From S Riverside Dr go north on N Riverside Dr, east on River St, north on Ellis Ave
- County: Johnson
Building Details
- Basement: Poured Concrete
- Parking: 4 or More Cars
Amenities & Features
- Features: