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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 6 months 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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