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.
Sold for $1,300,000 on 05/01/23
$1,300,000
340 Ellis Ave, Iowa City, IA 52246
--beds
1baths
9,756sqft
Multi Family, Residential
Built in 1938
-- sqft lot
$1,425,700 Zestimate®
$133/sqft
$1,825 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 02, 2023 at 11:16am
Listed by:
Jeff Edberg 319-331-6187,
Lepic-Kroeger, REALTORS
Bought with:
Monica Hayes
Skogman Realty Co.
Source: Iowa City Area AOR,MLS#: 202301150
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Electric, Baseboard
Appliances
- Included: Range Or Oven, Refrigerator
- Laundry: Laundry Room
Features
- Other
- Flooring: Carpet, Wood, Vinyl
- Basement: Block
- Number of fireplaces: 1
- Fireplace features: Other
Interior area
- Total structure area: 9,756
- Total interior livable area: 9,756 sqft
- Finished area above ground: 9,756
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Features
- Levels: Three Or More
- Stories: 3
- Exterior features: Other
Lot
- Features: Two To Five Acres
Details
- Parcel number: 1009107001
- Zoning: RNS 20
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Brick
Condition
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Sidewalks, Street Lights, Close To School
Location
- Region: Iowa City
- Subdivision: Manville Heights Addition
HOA & financial
HOA
- Has HOA: Yes
- Services included: Other
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$1,425,700
2% more+$28,514
With Zillow Showcase(estimated)$1,454,214