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340 Ellis Ave Iowa City IA 52246

IA, Iowa City For sale MULTI-FAMILY Sold 4 or More Cars Block Range/Oven, Refrigerator
For saleMULTI-FAMILYIAIowa City52246340 Ellis Ave, Iowa City, IA, 52246
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  • MULTI-FAMILY
  • For sale

340 Ellis Ave Iowa City IA 52246

340 Ellis Ave, Iowa City, IA, 52246
    $1,450,000
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    Basics

    • Date added: Added 1 week ago
    • Type: MULTI-FAMILY
    • Status: Sold
    • DOM: 52
    • Subdivision: Manville Heights Addition
    • Year built: 1938
    • Water/Sewer: City Sewer,City Water
    • Heating/Cooling: Electric,Baseboard
    • Units Total: 16
    • Address: 340 Ellis Ave, Iowa City, IA, 52246
    • MLS ID: 202301150

    Description

    • Description:

      16-plex in Manville Heights near the Visual Arts Building, U of I Art Library, Hancher & Levitt Center. This unique building has 5 studio units and 11 one bedroom units, all leased with rents from $640 to $1060. Charming units, some with fireplaces. This property has a total annual income of $151,200, actual expenses are $69,556 for a $81,644 NOI. Cap is 5.6%. See the proforma in the Assoc Docs for all of the financial details. Tenant rights apply, please 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: Block
    • Parking: 4 or More Cars

    Amenities & Features

    • Features:
      Range/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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