618 S Van Buren Iowa City IA 52240
618 S Van Buren Iowa City IA 52240
618 S Van Buren, Iowa City, IA, 52240
$975,000
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Basics
- Date added: Added 4 months ago
- Type: MULTI-FAMILY
- Status: Sold
- DOM: 25
- Subdivision: Ruppert and Mattes
- Year built: 1972
- Water/Sewer: City Sewer,City Water
- Heating/Cooling: Window/Wall Units,Forced Air,Steam/Hotwater
- Units Total: 12
- Address: 618 S Van Buren, Iowa City, IA, 52240
- MLS ID: 20196073
Description
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Description:
Fully occupied all one-bedroom 12-plex on Van Buren within a short walk to U of I. Units have central boiler and gas and water is paid by owner. Electric is paid by tenants. Rents are $700-$750 with total actual rent at $104,520, expenses at $39,069 and NOI at $65,460 showing a 6.7% CAP rate. New outside paint, units are in good shape and recent roof. Private off street parking lot.
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Location
- Directions: From Gilbert St east on Bowery St, south on S Van Buren, 12 plex on east side of street.
- County: Johnson
Amenities & Features
- Features:
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