Multi-Family

duplex for sale

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Listed: 02/14/23

712 East Market Street, Iowa City, IA 52245, USA Unit AND 720

Studio Bed:

4 Bath:

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Price

$ 2,5M

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About This Duplex

24 2 br 1 ba units in two buildings on Market Street, just east of Dodge St. near U of I and Mercy Hospital. Units are 750 feet with hot water heat and wall A/C units. Central laundry room and great parking in the rear that is alley accessible. Current rents are only $800 but with a little TLC I am estimating $950 or more. Tenants pay electric. Tenant right of 24 hour notice apply, but there may be vacant for immediate showings. See Associated documents for AS IS and Stabilized pro-forma.

Property Includes

Parking
Air Conditioning
Oven
Refrigerator
Heating Forced Air
Fuel Heating Natural Gas

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Duplexes for sale in Iowa City

Iowa City Housing & Living

Household Income

Median household income: $45,991

Number of households: 29,697

The average household income in Iowa City, IA grew from $42,720 to $45,991 in the past year. This data is an estimate based upon 29,697 households in Iowa City, IA.
The chart below presents how household income is distributed in Iowa City, IA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Iowa City, IA compared to median property taxes around the country. The prevalent amount of property taxes in Iowa City, IA equals $3k+ , which is more than the national average.