$617,500
208 SCOTT Street
COUNCIL BLUFFS, IA 51503
MLS# 21-1009
Status: Closed
7520 sqft
Exterior
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Property Description
Great cash flowing investment property ready for a new owner. Completely brick 16 unit with a full basement, producing $127,000 in income annually with a 10% cap rate! The building has a new flat roof last year that comes with a 30 year transferable warranty. 14 units have new LVT floors, newer appliances, and fresh paint. It is completely separately metered, has an updated fire sprinkler system, and newly updated electrical. Call today to setup your showing. Or come to the prescheduled showing times, Saturday June 5th from 11am-1pm and Sunday June 6th from 1-2!

Details
Maps
Documents
Contract Information
Sale: For Sale
Bank Owned?: No
Current Price: $617,500
Status: Closed
Listing Date: 2021-06-03
Sold Price: $617,500
General Property Description
# Sleeping Rooms: 9+
# Effic Studios: None
# of 1 BR Units: None
# of 2 BR Units: None
Lot Size: 0
# of 3+ BR Units: None
# of Full Baths: 9+
# of 1/2 Baths: None
Garage: None
Parking: See Remarks
Type of Property: Apartment Building
Year Built: 1921
Number of Units: 16
Tot Fnshd SF: 7520
Location, Tax & Legal
Located City/County: City
Elementary School: Other
Jr. High: Gerald W Kirn
High School: Abraham Lincoln
School District: Council Bluffs
Legal: Mynster Add LT 1 BLK 2
Parcel No.: 754425451003 754425383008
Current REIDS Yr Pd: N/A
Area: Area 7
House #: 208
Street Name: SCOTT
Street Suffix: Street
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51503
Office/Member Info
Net Taxes: 8155
Tax Year: 2019
Status Change Info
Type Of Financing: Other
Status Change Date: 2021-12-22
Under Contract Date: 2021-10-07
Sold Date: 2021-12-21
Sold Price: $617,500
Miscellaneous
Other - See Remarks: 1
Possession
See Remarks: 1
Income & Expenses
Utilities: 13200
Exterior
Brick: 1
Roof
Other: 1
Terms
Cash: 1
Other - See Remarks: 1
Appliances
Other: 1
Documents on File
Other: 1
How To Show
Call Agent: 1
Number of Stories
Two: 1
Features
Other: 1
Inspections
Self Inspected: 1
Mortgage Info
Assumable: N
Gross Taxes: 8155
Util Pd/by Renter
Other - See Remarks: 1
Util Paid/Owner
None: 1
Heat/Cooling
Other: 1
Status Info
Sold Status: MLS Member List/MLS Member Sold
REIDS Inc Sale Prc: No
Sale Price Incl Lot: No
Income Expenses
Annual Gross Income: 127500
Net Operating Income: 101524
Property Features
Exterior: Brick
Roof: Other
Documents on File: Other
Terms: Cash; Other - See Remarks
How To Show: Call Agent
Appliances: Other
Possession: See Remarks
Features: Other
Miscellaneous: Other - See Remarks
Inspections: Self Inspected
Number of Stories: Two
Listing Office: BHHS Ambassador- Regency

Last Updated: September - 01 - 2024

Information deemed reliable but not guaranteed.

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