2432 Petsel Place Iowa City IA 52246
2432 Petsel Place Iowa City IA 52246
2432 Petsel Place, Iowa City, IA, 52246Basics
- Date added: Added 7 days ago
- Type: MULTI-FAMILY
- Status: Active
- DOM: 7
- Subdivision: Hawkeye Heights
- Year built: 1980
- Water/Sewer: City Sewer,City Water
- Heating/Cooling: Window/Wall Units,Baseboard
- Units Total: 10
- Address: 2432 Petsel Place, Iowa City, IA, 52246
- MLS ID: 202601495
Description
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Description:
10-plex on the west side of Iowa City with a strong rental history and consistently low vacancy. Functional unit layouts, ample off-street parking, and a desirable location near shopping, transit, and UIHC make this an attractive, easy-to-rent asset. Current ownership has maintained steady occupancy, offering reliable in-place income with upside potential. Opportunity exists to increase NOI through implementation of a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income. Solid cash-flowing investment with value-add components in a stable rental corridor. Ideal for investors seeking scale, stability, and room to grow returns over time.
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Location
- Directions: North on Mormon Trek to left on Petsel Place.
- County: Johnson
Building Details
- Basement: Daylight Windows, Partial, Poured Concrete
- Parking: 4 or More Cars
Amenities & Features
- Features:


