80 Olive Court, Iowa City, IA 52246
MLS Number: 2500579 |
Subtype: Residential | Area: Iowa City/Coralville
$
2,250,000
What an opportunity across from Kinnick Stadium! This property has one single family home of 1,769 sq ft w/4BR-3BA w/ attached garage+full basement. TEN add'l separate apartments. Three tenants have lived there for 10 yrs, 30 yrs & 50 yrs respectively! Average of three year tenancy for the other seven units. GREAT ADDITIONAL INCOME POTENTIAL with game day car parking and/or RV parking w/estimated income of over $22K! Apartments offer impressive opportunity to function as traveling nurse units or Air BnB. All units are rented for Fall 2025 with a rental income of $152,100. Laundry room connects the house to apartments. This property has been in the same family's portfolio since the 60's and is self managed. It is well cared for by the owners with updates in the home and most apartments in recent years. A real gem with outstanding opportunities!
Property
-
County: Johnson
-
Lot Size: 200X70
-
Acres: 0.0000
-
Year Built: 1960
-
Gross tax: $19,596.00
Building
Total Building SF: 7,300
Utilities
Water Source: City Water
Sewer: City Sewer
IDX information is provided exclusively for customers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which consumers may have an interest. The data provided is deemed reliable but is not guaranteed accurate by the MLS, GLD Commercial and/or its affiliates.