$260,000

947 E Market St

Iowa City IA, 52245

Description

RENTAL PERMIT in place!! Good rental property! It will just sit there and make you money. This is a close to downtown rental home. 4 bed, 2 bath, 1 car garage. Always in demand and easily rented. Currently leased thru July 2020. See attached pro forma for 8% cap rate and the $7,000+ cash flow. Monthly rent is $2,040 plus $65 monthly for the garage rent.

Details

MLS#20195691
StyleHouse
Sub-TypeResale
StatusActive
Year1920
Days On Site6

Features

Bed(s)4
Bath(s) 2 Full
SQ Feet1,333
Garage1
Story(s)2 Stories

Market Activity 52245

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Area Information

StateIA
CountyJohnson
CityIowa City
Zip Code52245
AreaIowa City
Community NameJ W Clarks Addition
Elementary SchoolMann
Middle SchoolSoutheast
High SchoolCity
Listing VS Median (in J W Clarks Addition)
Price:
$260,000
low | high
Med:
$260,000
50% of Average
SqFt:
1,333
low | high
Med:
1,333
50% of Average
$ / SqFt:
$195
low | high
Med:
$195
50% of Average
On Site:
6
low | high
Med:
6
100% of Average
Listing Updated: 09/18/2019
MLS Number: 20195691
Listing Provided By:
Jim Cannon  of  RuhlRuhl Realtors
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Iowa City Area Association of Realtors