Bought with Rasmussen Tyler • EPM, Iowa
$465,000
$490,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
5,412 SqFt
SOLD DATE : 09/30/2022
Key Details
Sold Price $465,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,412 sqft
Price per Sqft $85
MLS Listing ID 20221700
Sold Date 09/30/22
Style Apartments (5+ Units)
Year Built 1971
Annual Tax Amount $6,144
Lot Size 0.323 Acres
Acres 0.323
Lot Dimensions 140 x 100
Property Sub-Type Multi-Family 5+
Property Description
716 Randolph is a 12 unit building that are all 1 bedroom apartments. Current rent roll is at $5450. Latest Leases have been signed at $475 and have made water/sewer the responsibility of the tenants under a RUBS program. Rent Roll potential of $5700/month. With RUBS implemented on all units, expenses would be about $2,000 per month, putting NOI at $3700/month. Most of the units have been renovated, the ones that have not been renovated have long term residents. Listing agent is part owner of the property.
Location
State IA
County Black Hawk
Zoning R-2
Rooms
Basement None
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace N
Laundry Dryer Hookup-Gas, Washer Hookup
Exterior
Parking Features None, Parking Area, Street Parking
Utilities Available Water Prorated
View Y/N true
Roof Type Asphalt
Building
Lot Description Corner Lot
Sewer City Sewer
Water City
Structure Type Aluminum Siding
Schools
Elementary Schools Lowell Elementary
Middle Schools Bunger
High Schools West High
Others
Acceptable Financing NBR20221700
Listing Terms NBR20221700
Special Listing Condition Normal Sale
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
Brokerage | License ID: T06463000