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803 E College St Iowa City, IA 52240 • Residential - Single Family • Active

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Description

Four 1 bed 1 bath units in main house plus a carriage house with 2 beds and 1 bath. Total rents are $4955 for the 25-26 term. Annual income is $57,000, expenses are 32% at $18405 and NOI is $38595 giving a 7.6% CAP rate. Great location, just one block from College Green Park. Unit 1 has been leased for the 26-27 term at $1275. Other units are actively being marketed. The property has an excellent rental history. Tenant rights apply.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 3,020
Built in 1900
Elementary School: Longfellow
High School: City
Middle School: Southeast
Porch

General Information

Bedrooms: 6
Bathrooms: 5
Sqft: 3,020
County: Johnson
High School: City
Listed By:
Lepic-Kroeger, REALTORS 319-351-8811 Jeff Edberg
ICAAR MLS
$510,000
Est. $3,305/mo
6beds
5baths
3,020sqft
Active
BEDS6 BATHS5 full SQUARE FEET3,020 MLS#202506827
STATUSActive PROPERTY TYPEResidential - Single Family
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Agent Name: Mark Miller
 Agent Phone: (319) 759-4365
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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803 E College St, Iowa City, IA 52240.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $510,000$510,000$510,000
Down Payment $102,000$17,850$127,500
Monthly Mortgage Amount $2,446$3,002$3,125
Taxes $710$710$710
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$224$0
Monthly Estimated Total $3,305$4,085$3,984

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