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Sold for $395,000 on 08/23/24
  • $395,000

    68 Oberlin St #9-12, Iowa City, IA 52245

    --beds
    1baths
    3,624sqft
    Multi Family, Residential
    Built in 1983
    -- sqft lot
    $412,000 Zestimate®
    $109/sqft
    $1,403 Estimated rent

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    $1,403/mo

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    $1,403/mo

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    $7,562/mo

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    $7,562/mo

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    What's special

    Rare opportunity to own a FULLY RENTED 4-Plex in a great location off Scott Blvd / Washington St. Each unit has its own parcel#, so you could sell units off if you want to. Coin operated laundry provides additional income. Association is self managed with owner of the other two buildings. Consistently rented. Owner has updated flooring and cabinetry in 3 of the 4 units and updated the front landscaping wall. Rents / Units are likely currently under rented / too low. Units show well. Rear exit / stairs in the back of each unit. Some newer appliances. Property (properties) being sold as is. #9 & #11 currently rented for $775 / month. #10 & #12 rented thru July 2025 for $850. Potential rent for around $900+/- per month. Coin operated laundry brings in around $1000 / year. 48 HOUR NOTICE FOR SHOWINGS. 10AM-6PM ONLY.

    Zillow last checked: 8 hours ago

    Listing updated: August 23, 2024 at 02:23pm

    Listed by:

    Mark Paterno 319-936-7447,

    Urban Acres Real Estate,

    Lauren Grell 319-383-8084,

    Urban Acres Real Estate

    Bought with:

    Teague Case

    Westwinds Real Estate Services, Inc.

    Source: Iowa City Area AOR,MLS#: 202404135MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 1
    Heating
    • Electric, Natural Gas, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Range Or Oven, Refrigerator, Dryer, Microwave, Washer
    • Laundry: In Hall, Other
    Features
    • Breakfast Area, Pantry, Other
    • Flooring: Carpet, Vinyl
    • Basement: Concrete
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 3,624
    • Total interior livable area: 3,624 sqft
    • Finished area above ground: 1,812
    • Finished area below ground: 1,812

    Property

    Parking
    • Total spaces: 4
    • Parking features: Guest, Off Street
    Features
    • Levels: One
    • Exterior features: Other
    Lot
    • Features: Other
    Details
    • Parcel number: 10124140011012414004
    • Zoning: OPD8
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Condo Single Level,Split Level
    • Property subtype: Multi Family, Residential
    Materials
    • Wood, Brick, Frame
    Condition
    • Year built: 1983

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: Sidewalks, Street Lights, Close To School, Near Shopping, Near Public Transport
    Location
    • Region: Iowa City
    • Subdivision: Oberlin Condominiums

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $5,000 annually
    • Services included: Insurance, Street Maintenance, Other

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Sell with ease on Zillow
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    $412,000
    2% more+$8,240
    With Zillow Showcase(estimated)$420,240