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715 Ridge View Rd.

Monticello, IA 52310
  • $1,025,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 202401498
$1,025,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Uk
Type:
Multi-Family
Built:
1972
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

An 18-unit multi-family apartment complex is available for purchase. The building comprises 14 two-bedroom units and four one-bedroom units. The property offers several opportunities to add value for a new owner. Rents have been increasing steadily, and there is still ample room for further growth. Six detached garages are available to tenants who require covered parking. Additionally, there is a large vacant lot next to the building that can accommodate another 12 units. The property features a metal roof and newer utilities. A brand-new laundry facility was recently installed, and the lower level has plenty of storage space available for the owner to rent out. Owners are Licensed Real Estate Agents in the State of Iowa. 48 Hours' Notice to Show. As Is Offers Only, Buyer has the right to inspect. All showings MUST go through the listing agent.

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© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2024-04-22T17:28:39.697
www.lepicelite.com/homes/148661011
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715 Ridge View Rd. Monticello, IA 52310

  • Price: $1,025,000
  • Status: Active
  • On Site: 36 Days
  • MLS #: 202401498
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1972
Built
Neighborhood:
Uk
County:
Jones
Area:
Out Of Area
Elementary School:
Monticello
Middle School:
Monticello
High School:
Monticello
Property Description
An 18-unit multi-family apartment complex is available for purchase. The building comprises 14 two-bedroom units and four one-bedroom units. The property offers several opportunities to add value for a new owner. Rents have been increasing steadily, and there is still ample room for further growth. Six detached garages are available to tenants who require covered parking. Additionally, there is a large vacant lot next to the building that can accommodate another 12 units. The property features a metal roof and newer utilities. A brand-new laundry facility was recently installed, and the lower level has plenty of storage space available for the owner to rent out. Owners are Licensed Real Estate Agents in the State of Iowa. 48 Hours' Notice to Show. As Is Offers Only, Buyer has the right to inspect. All showings MUST go through the listing agent.
Exterior Features

Construction Materials VinylFrame Exterior Features Balcony Lot Features OneToTwoAcres Lot Size Dimensions 1.3 Acres Parking Features DetachedCarportGuestOffStreet

Interior Features

Above Grade Finished Area 7874 Appliances RangeOrOvenRefrigeratorDryerMicrowaveWasher Basement Finished Bathrooms Total Integer 0 Below Grade Finished Area 0 Cooling WindowUnits Fireplace Features None Flooring CarpetVinylTileLaminate Heating ElectricBaseboard Interior Features Other Laundry Features LaundryRoomInBasement

Property Features

Association Fee Includes None Association Fee Text 0 Auction Online Bid YN No Building Rules LiveWorkAllowed Community Features SidewalksStreetLights Compensation Remarks 2.0 Electric Expense 7242 Expiration Date 2024-12-31 Gas Annually 2418 Green Verification YN No Gross Income 132760 Insurance Expense 7817 Listing Terms Exchange1031CashConventional Maintenance Expense 5355 New Construction YN No Operating Expense 59886 Possession Negotiable Property Sub Type MultiFamily Renting Allowed YN Yes Tax Annual Amount 10684 Tax Year 2023 Utilities CitySewerCityWater Water Sewer Expense 16823 Zoning RES

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Matthew Lepic of Lepic-Kroeger, REALTORS: 319-351-8811.



© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2024-04-22T17:28:39.697
 
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