1108 Oakcrest St Iowa City IA 52246
1108 Oakcrest St Iowa City IA 52246
1108 Oakcrest St, Iowa City, IA, 52246Basics
- Date added: Added 1 week ago
- Type: MULTI-FAMILY
- Status: Sold
- DOM: 23
- Subdivision: NA
- Year built: 1975
- Water/Sewer: City Water
- Heating/Cooling: Window/Wall Units,Gas,Baseboard,Forced Air
- Units Total: 12
- Address: 1108 Oakcrest St, Iowa City, IA, 52246
- MLS ID: 202102990
Description
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Description:
2 bedroom 1 bathroom 12-plex on Oakcrest just north of Oaknoll Retirement center. Current rents range from $555 to $750 and could be raised substantially if the interior renovation is continued. Many units have new LVT, cabinets, paint and appliances and they all should be done for maximum income (see renovations in associated documents). Each unit has dishwashers and disposers and good floor plans. There is common coin op laundry for extra income. great location with true upside potential. As Is cap rate is 4.2% but if rents are just raised to the rent being received by the renovated units the cap would be 7.3%. Nice condition outside.
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Location
- Directions: From Mormon Trek Blvd, go E onto W Benton St. Follow W Benton until George St and take a left going North. Take a right onto Oakcrest going East and it is the 3rd building on the left hand side.
- County: Johnson
Amenities & Features
- Features: