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117 Elm Lone Tree, IA 52755

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Presented by Gibbs Lamb Drown, Commercial Real Estate Advisors

Price: $179,900.00

Property

Subtype: Multi-Family

Area: SE Quadrant

Year Built: 2523

Gross Tax: 2,858

County: Johnson

Utilities

Building

Lease Terms

Lease Type: For Sale

Investor Alert! Great 4 unit investment property fully rented with positive cash flow and in an excellent location! Gross rents of $2,575/mo. The two family conversion home has 2 units. Unit 117 has been fully remodeled and includes 2 bedrooms & 1 bathroom. Unit 117.5 has 2 bedrooms & 1.5 baths. Units share a patio & large yard space. Buyer could live in one unit and rent out the others and have their mortgage payment paid the tenants! Long term tenants with a good rental history.

Listing Agent: Hayley Hershberger Office: KALONA REALTY, INC. Data courtesy of Iowa City Area Association of Realtors MLS