Rare opportunity to own a FULLY RENTED 4-Plex in a great location off Scott Blvd / Washington St. Each unit has its own parcel#, so you could sell units off if you want to. Coin operated laundry provides additional income. Association is self managed with owner of the other two buildings. Consistently rented. Owner has updated flooring and cabinetry in 3 of the 4 units and updated the front landscaping wall. Rents / Units are likely currently under rented / too low. Units show well. Rear exit / stairs in the back of each unit. Some newer appliances. Property (properties) being sold as is. #9 & #11 currently rented for $775 / month. #10 & #12 rented thru July 2025 for $850. Potential rent for around $900+/- per month. Coin operated laundry brings in around $1000 / year. 48 HOUR NOTICE FOR SHOWINGS. 10AM-6PM ONLY.
Sold for $395,000 on 08/23/24
$395,000
68 Oberlin St #9-12, Iowa City, IA 52245
--beds
1baths
3,624sqft
Multi Family, Residential
Built in 1983
-- sqft lot
$412,000 Zestimate®
$109/sqft
$1,403 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 23, 2024 at 02:23pm
Listed by:
Mark Paterno 319-936-7447,
Urban Acres Real Estate,
Lauren Grell 319-383-8084,
Urban Acres Real Estate
Bought with:
Teague Case
Westwinds Real Estate Services, Inc.
Source: Iowa City Area AOR,MLS#: 202404135
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Electric, Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range Or Oven, Refrigerator, Dryer, Microwave, Washer
- Laundry: In Hall, Other
Features
- Breakfast Area, Pantry, Other
- Flooring: Carpet, Vinyl
- Basement: Concrete
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,624
- Total interior livable area: 3,624 sqft
- Finished area above ground: 1,812
- Finished area below ground: 1,812
Property
Parking
- Total spaces: 4
- Parking features: Guest, Off Street
Features
- Levels: One
- Exterior features: Other
Lot
- Features: Other
Details
- Parcel number: 10124140011012414004
- Zoning: OPD8
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Condo Single Level,Split Level
- Property subtype: Multi Family, Residential
Materials
- Wood, Brick, Frame
Condition
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Sidewalks, Street Lights, Close To School, Near Shopping, Near Public Transport
Location
- Region: Iowa City
- Subdivision: Oberlin Condominiums
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $5,000 annually
- Services included: Insurance, Street Maintenance, Other
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$412,000
2% more+$8,240
With Zillow Showcase(estimated)$420,240