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Sold for $1,225,000 on 04/09/25
  • $1,225,000

    402-424 Peterson St #402-424, Iowa City, IA 52245

    --beds
    1baths
    9,756sqft
    Multi Family, Residential
    Built in 1993
    -- sqft lot
    $1,236,100 Zestimate®
    $126/sqft
    $-- Estimated rent

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    $21,059/mo

    Est. payment

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    $21,059/mo

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    What's special

    Here's an excellent investment opportunity in this well-maintained 12-unit multi-family property located on the east side of Iowa City. 2bed, 1 bath condos with a history of reliable tenancy, this property is perfect for investors looking to expand their portfolio. The units offer practical layouts, making them suitable for a variety of renters. Situated in a convenient location off of Court Street, it's close to schools, public transportation, and local amenities, this property is poised for consistent demand. This is a fantastic chance to own a multi-family property in a strong rental market. Don’t miss out on this great opportunity to grow your investment portfolio.

    Zillow last checked: 8 hours ago

    Listing updated: April 16, 2025 at 05:52pm

    Listed by:

    Teague Case 319-321-6824,

    Westwinds Real Estate Services, Inc.

    Bought with:

    Edge Realty Group

    Source: Iowa City Area AOR,MLS#: 202406668MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 1
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Ceiling Fan(s), Central Air
    Appliances
    • Included: Dishwasher, Range Or Oven, Refrigerator, Dryer, Microwave, Washer
    Features
    • Zero Step Entry
    • Flooring: Carpet, Vinyl
    • Has fireplace: No
    Interior area
    • Total structure area: 9,756
    • Total interior livable area: 9,756 sqft
    • Finished area above ground: 9,756
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached Carport, Off Street
    • Has carport: Yes
    Details
    • Parcel number: 0918229001 0918229012
    • Zoning: Residential
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Residential
    Materials
    • Frame, Partial Brick, Vinyl
    • Foundation: Slab
    Condition
    • Year built: 1993

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Park, Sidewalks, Street Lights, Close To School, Near Shopping, Near Public Transport
    Location
    • Region: Iowa City
    • Subdivision: Court Hill Condominiums

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $14,400 annually
    • Services included: Insurance, Exterior Maintenance, Trash, Maintenance Grounds, Pest Control

    Other

    Other facts
    • Listing terms: Conventional,1031 Exchange,Cash
    Sell with ease on Zillow
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    $1,236,100
    2% more+$24,722
    With Zillow Showcase(estimated)$1,260,822