$490,000.00

716 Randolph StreetWaterloo, IA 50702

716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
  • 716 Randolph Street, Waterloo, IA
716 Randolph is a 12 unit building that are all 1 bedroom apartments. Current rent roll is at $5450. Latest Leases have been signed at $475 and have made water/sewer the responsibility of the tenants under a RUBS program. Rent Roll potential of $5700/month. With RUBS implemented on all units, expenses would be about $2,000 per month, putting NOI at $3700/month. Most of the units have been renovated, the ones that have not been renovated have long term residents. Listing agent is part owner of the property.
MLS ID #:
20221700

Property Address:
716 Randolph Street
Waterloo, IA 50702

County:
Black Hawk

Region:
Waterloo South 1B

Year Built:
1971

Property Type:
Multi-unit

Sub-Type:
Five or More Units

Number of Units:
12

Elementary School:
Lowell Elementary

Mid/Jr High School:
Bunger

Sr. High School:
West High

Date Listed:
April 26th, 2022

Status:
Active

Price:
$490,000.00

Gross Taxes:
$6,144.00

Gross Income:
$65,400.00 Projected

Net Income:
$30,816.00 Projected

Occupant:
Renter

Tenant Responsible:
Electric, Gas, Heat, Water

Terms of Tenancy:
Other

Finance Type:
Cash, Conventional

Sale/Lease Type:
Normal Sale

Docs on File:
Lead Paint Disclosure

Zoning:
R-2

Legal Desc:
716 RANDOLPH STREET CONDOMONIUMS 1-12

Basement:
None

Laundry:
Dryer Hook-Up, Washer Hookup

Garage Type:
None

Parking:
Parking Area,Street Parking

Off-Street Parking:
12

Stories:
Apartments (5+ Units)

Total Fin Sq Ft:
5,412 sq ft

Main Sq Ft:
1,804 sq ft

2nd Level Sq Ft:
1,804 sq ft

3rd Level Sq Ft:
1,804 sq ft

Lot Description:
Corner Lot

Lot Sq Footage:
14069

Lot Dimensions:
140 x 100

Reg/Irreg:
Reg

Acres:
0.323

Road Frontage:
Hard Surface Road

Exterior:
Aluminum

Siding:
Aluminum

Roof Type:
Asphalt

Utilities Available:
Water Prorated

Water Type:
City

Sewer Type:
City

Fuel Type:
Natural Gas

Water Sep by Unit:
Yes

Elec Sep by Unit:
Yes

Heat Sep by Unit:
Yes

Heating:
Forced Air

Cooling:
Window Unit

Flood Plain Class:
C/X - Not in Flood Plain

Realtor/Equal Housing Lender Listing provided courtesy of EPM, Iowa.
Listing Agent: Tyler Rasmussen
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. The data is deemed reliable but is not guaranteed accurate by the MLS.

Additional Photos

  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702
  • 716 Randolph Street, Waterloo, IA 50702

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