Adult 55+
Address
1108 Oakcrest St Iowa City, IA
Price
$ 950,000
Property Attributes
  • MLS#202102990
  • TypeMulti-Family
  • CountyJOHNSON
  • CityIowa City
  • AreaIowa City
  • Zip52246
  • Style2 Stories,Multilevel,Apartments (5+ Units)
  • Year Built1975
  • Taxes$ 21768
  • Price$ 950,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage10824
Listing Provided Courtesy Of:
Lepic-Kroeger, REALTORS
Data Source:
Iowa City Area Association Of Realtors (ICAAR) - 549 - IA
Property Description

2 bedroom 1 bathroom 12-plex on Oakcrest just north of Oaknoll Retirement center. Current rents range from $555 to $750 and could be raised substantially if the interior renovation is continued. Many units have new LVT, cabinets, paint and appliances and they all should be done for maximum income (see renovations in associated documents). Each unit has dishwashers and disposers and good floor plans. There is common coin op laundry for extra income. great location with true upside potential. As Is cap rate is 4.2% but if rents are just raised to the rent being received by the renovated units the cap would be 7.3%. Nice condition outside.

Elementary School Middle School High School
Horn Elementary School Northwest Middle School West High School
Price History
5/18/2021 Listed $950,000

General Features

Agent First Name Jeff
Agent Last Name Edberg
Amenities None
Associated Document Count 2
Bank Owned NO
Basement None
City Iowa City
Construction Brick Frame
Cooling Window/Wall Units
County Johnson
DOM 68
Directions From Mormon Trek Blvd, go E onto W Benton St. Follow W Benton until George St and take a left going North. Take a right onto Oakcrest going East and it is the 3rd building on the left hand side.
Elementary School Horn
Expenses 50576
Fee Includes Heating/Cooling, Water
Grossincome 119976
HOA Fee no
Heating Gas, Baseboard, Forced Air
High School West
Laundry Y/N Coin Laundry
Listing Area Iowa City
Middle School Northwest
New Construction No
Parking Assigned Space, Off Street
Postal Code 52246
Primary City Iowa City
Property Type MULTI-FAMILY
Sale/lease For Sale
Showing Instructions ShowingTime
Status Contingent
Status Active
Status Detail 5
Street Name Oakcrest St
Subdivision IA
Type Multi-Family
Utilities Other- See Remarks
Year Built 1975
Zoning RM44

Interior Features

Elevators No
Internet Yes
Subdivision NA
Total Number of Units 12
Unit1 Living Room Yes
Unit2 Monthly Rent 700
Unit4 Monthly Rent 700

Exterior Features

Photo Count 34
Lot Dimensions Irregular
Water/Sewer City Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 52246

Price
AVG $470K
$950K
Taxes
AVG $8,432
$21,768
Visits
AVG 12
10
Year Built
AVG 1981
1975
Walkscore
AVG 28
37
Data Provided by Walkscore ® not using MLS data

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