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365 Ellis Ave Iowa City IA 52246

IA, Iowa City For sale MULTI-FAMILY Sold 4 or More Cars Poured Concrete Dishwasher, Range/Oven, Refrigerator
For saleMULTI-FAMILYIAIowa City52246365 Ellis Ave, Iowa City, IA, 52246
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  • MULTI-FAMILY
  • For sale

365 Ellis Ave Iowa City IA 52246

365 Ellis Ave, Iowa City, IA, 52246
    $1,550,000
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    Basics

    • Date added: Added 7 days ago
    • Type: MULTI-FAMILY
    • Status: Sold
    • DOM: 52
    • Subdivision: Manville Heights Addition
    • Year built: 1983
    • Water/Sewer: City Sewer,City Water
    • Heating/Cooling: Gas,Central,Forced Air
    • Units Total: 12
    • Address: 365 Ellis Ave, Iowa City, IA, 52246
    • MLS ID: 202301149

    Description

    • Description:

      12-plex in Manville Heights near the Visual Arts Building, U of I Art Library, Hancher & Levitt Center. All units are 3 bed - 1 bath and approx 950 sqft each with an average rental rate of $1,171 per month. This property has a total annual income of $166,452, actual expenses are $76,676 for a $89,775 NOI. Cap is 5.8%. All financials, including proforma, P&L and rent roll can be found is Assoc Docs. Off street parking in the lot behind the building. Tenant rights apply, 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: Poured Concrete
    • Parking: 4 or More Cars

    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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