Great investment opportunity just a few blocks from the UNI campus. 5 units with a gross yearly income of $56,100.00. All utilities except water and sewer paid by tenants. House bill including water and sewer has a 24 month average of $227.00. Fully parked with assigned off street spots, coin operated laundry and fully rented through June 2023 make this one hard to pass up! Check out the virtual tour to see all the interior updates!
MLS ID #:
20222753
Property Address:
2222 Walnut Street Cedar Falls, IA 50613
County:
Black Hawk
Region:
Cedar Falls South 2
Year Built:
1900
Property Type:
Multi-unit
Sub-Type:
Five or More Units
Number of Units:
5
Elementary School:
Lincoln Elementary CF
Mid/Jr High School:
Holmes Junior High
Sr. High School:
Cedar Falls High
Date Listed:
June 17th, 2022
Status:
Active
Price:
$495,000.00
Gross Taxes:
$4,489.00
Gross Income:
$56,100.00 Actual
Net Income:
$0.00
Occupant:
Renter
Tenant Responsible:
Electric, Garbage, Gas, Heat
Terms of Tenancy:
Over 9 Months
Finance Type:
Cash, Conventional
Sale/Lease Type:
Normal Sale
Docs on File:
Lead Paint Disclosure
Zoning:
R-4
Legal Desc:
As Per Abstract / Normal Addition Lot 15 Blk 11
Unit #1:
$825.00 Rent
Unit #2:
$1,050.00 Rent
Unit #3:
$725.00 Rent
Unit #4:
$1,300.00 Rent
Unit #5:
$775.00 Rent
Basement:
Stone/Earthen
Laundry:
Lower Level
Garage Type:
None
Parking:
Parking Spaces,Paved
Off-Street Parking:
8
Total Fin Sq Ft:
5,089 sq ft
Main Sq Ft:
1,729 sq ft
2nd Level Sq Ft:
1,820 sq ft
Lot Sq Footage:
8712
Lot Dimensions:
66x132
Reg/Irreg:
Reg
Acres:
0.200
Exterior:
Vinyl
Siding:
Vinyl
Roof Type:
Asphalt
Utilities Available:
Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Water in Rent
Water Type:
City
Sewer Type:
City
Fuel Type:
Natural Gas
Water Sep by Unit:
No
Elec Sep by Unit:
Yes
Heat Sep by Unit:
Yes
Heating:
Forced Air, Gas
Cooling:
Central Air
Flood Plain Class:
C/X - Not in Flood Plain
Listing provided courtesy of Coldwell Banker Elevated Real Estate. Listing Agent: Elke Gerdes
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