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For sale
  • $2,250,000

    80 Olive Ct, Iowa City, IA 52246

    --beds
    0baths
    7,300sqft
    : 
    Multi Family
    Built in 1960
    -- sqft lot
    $2,086,000 Zestimate®
    $308/sqft
    $-- HOA

    What's special

    What an opportunity across from Kinnick Stadium! This property has one single family home of 1,769 sq ft w/4BR-3BA w/ attached garage+full basement. TEN add'l separate apartments. Three tenants have lived there for 10 yrs, 30 yrs & 50 yrs respectively! Average of three year tenancy for the other seven units. GREAT ADDITIONAL INCOME POTENTIAL with game day car parking and/or RV parking w/estimated income of over $22K! Apartments offer impressive opportunity to function as traveling nurse units or Air BnB. All units are rented for Fall 2025 with a rental income of $152,100. Laundry room connects the house to apartments. This property has been in the same family's portfolio since the 60's and is self managed. It is well cared for by the owners with updates in the home and most apartments in recent years.  A real gem with outstanding opportunities!
    128 days
    on Zillow
    |
    290
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 24, 2025 at 12:00pm

    Listed by:

    Ryan Bandy 563-650-1812,

    LEPIC-KROEGER, REALTORS

    Source: CRAAR, CDRMLS,MLS#: 2500579MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors
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    We’ll find a local expert to take you on a private tour of 80 Olive Ct.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 7,300 sqft
    Video & virtual tour

    Property

    Lot
    • Size: 0.32 Acres
    • Dimensions: 200 x 70
    Details
    • Parcel number: 1026209007

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame
    • Foundation: Block
    Condition
    • Year built: 1960

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Iowa City

    Financial & listing details

    • Price per square foot: $308/sqft
    • Tax assessed value: $1,041,690
    • Annual tax amount: $19,596
    • Date on market: 1/16/2025
    • Listing terms: Cash,Conventional
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