340 Ellis Ave Iowa City IA 52246
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
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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:
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