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68 Oberlin St #9-12 Iowa City, IA 52245
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Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Oberlin Condominiums
MLS Listing ID 202404135
Sold Date 08/23/24
Style Condo Single Level,Split
HOA Fees $416/ann
HOA Y/N Yes
Abv Grd Liv Area 1,812
Year Built 1983
Annual Tax Amount $6,536
Tax Year 2022
Lot Dimensions Condo
Property Description
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.
Location
State IA
County Johnson
Zoning OPD8
Direction Washington St to Amhurst to Oberlin
Rooms
Basement Concrete
Interior
Interior Features Breakfast Area, Pantry, Kit Dining Rm Comb, Cable Available, Other, Family Room
Heating Electric, Natural Gas, Forced Air
Cooling Central Air
Flooring Carpet, Vinyl
Fireplaces Type None
Appliance Dishwasher, Range Or Oven, Refrigerator, Dryer, Microwave, Washer
Laundry In Hall, Other
Exterior
Exterior Feature Other
Parking Features Guest, Off Street
Community Features Sidewalks, Street Lights, Close To School, Close To Shopping, On Bus Line
Utilities Available City Sewer, City Water
Total Parking Spaces 4
Building
Lot Description Other
Structure Type Wood,Brick,Frame
New Construction No
Schools
Elementary Schools Lemme
Middle Schools Southeast
High Schools City
Others
HOA Fee Include Building Liability Insurance,Street Maintenance,Other
Tax ID 1012414001-1012414004
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Westwinds Real Estate Services, Inc.
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