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2427 Petsel Iowa City IA 52246

IA, Iowa City For sale MULTI-FAMILY Sold Finished, Full Dishwasher, Range/Oven, Refrigerator
For saleMULTI-FAMILYIAIowa City522462427 Petsel, Iowa City, IA, 52246
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  • MULTI-FAMILY
  • For sale

2427 Petsel Iowa City IA 52246

2427 Petsel, Iowa City, IA, 52246
$575,000
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Basics

  • Date added: Added 3 months 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

  • 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

Building Details

  • Basement: Finished, Full

Amenities & Features

  • Features:
    DishwasherRange/OvenRefrigerator

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Joanne M. Stevens

1005 Blairs Ferry RD, Ste 210
Cedar Rapids, IA 52402
Phone: (319) 378-6786
Fax: (515) 453-4484
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