$625,000
COUNCIL BLUFFS, IA 51503
MLS# 15-1591
Status: Closed
10752 sqft
1 / 12
Property Description
Well cared for 12 unit apartment building overlooking Mall of the Bluffs has it all! All 12 units offer 2 bedrooms, 1 bath, kitchen, living room & 1 car garage. All kitchen appliances included. Coin operated washers & dryers. Tennant pays their own electrical. Most tenants are on month-to-month leases. Asking price will result in immediate positive cash flow.
Details
Maps
Documents
Contract Information
Sale: For Sale
Bank Owned?: No
Current Price: $625,000
Status: Closed
Listing Date: 2015-07-13
Sold Price: $625,000
General Property Description
# Sleeping Rooms: 9+
# Effic Studios: None
# of 1 BR Units: None
# of 2 BR Units: 9+
Lot Size: 98.4x206.4
# of 3+ BR Units: None
# of Full Baths: 9+
# of 1/2 Baths: None
Garage: 9
Parking: 21 or more
Type of Property: Apartment Building
Year Built: 1972
Number of Units: 12
Tot Fnshd SF: 10752
Location, Tax & Legal
Located City/County: City
Elementary School: College View
Jr. High: Gerald W Kirn
High School: Abraham Lincoln
School District: Council Bluffs
Legal: Too lengthy
Parcel No.: 754331481006
Current REIDS Yr Pd: Y
Assessed Value: 360000
Assessed Value Bldg: 336310
Assessed Value Land: 23690
Area: Area 8
House #: 242
Street Name: BENNETT
Street Suffix: Avenue
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51503
Remarks & Misc
Directions: Interstate 80 East to Madison Ave Exit. Left on Madison, right on Bennett Ave to property.
Office/Member Info
Net Taxes: 15486
Tax Year: 2013
Status Change Info
Type Of Financing: Conventional
Status Change Date: 2016-03-21
Under Contract Date: 2015-12-08
Sold Date: 2016-01-25
Sold Price: $625,000
Miscellaneous
Individual Elec Mtrs: 1
Possession
Negotiable: 1
Income & Expenses
Utilities: 8748
Grs Operating Income: 99910
Maintenance: 4350.84
Exterior
Brick: 1
Stucco: 1
Roof
Flat: 1
Existing First Mtg
Contract: 1
Terms
Cash: 1
Conventional: 1
Appliances
Dryer - Coin: 1
Range: 1
Refrigerator: 1
Washer - Coin: 1
Documents on File
None: 1
How To Show
Combo Lockbox: 1
See Remarks: 1
Number of Stories
Two: 1
Features
Carpets: 1
Decks: 1
Extra Storage: 1
Patio: 1
Inspections
Self Inspected: 1
Mortgage Info
Assumable: N
Gross Taxes: 15486
Util Pd/by Renter
Electric: 1
Util Paid/Owner
Gas: 1
Water: 1
Heat/Cooling
Electric: 1
Forced Air: 1
Natural Gas: 1
Status Info
Sold Status: Sold Inner Office
REIDS Inc Sale Prc: Yes
Sale Price Incl Lot: Yes
Documents
Lead Base Paint: 1
Income Expenses
Annual Gross Income: 101920
Ls Operating Expense: 17518
Net Operating Income: 82392
Property Features
Existing First Mtg: Contract
Exterior: Brick; Stucco
Roof: Flat
Documents on File: None
Terms: Cash; Conventional
How To Show: Combo Lockbox; See Remarks
Appliances: Dryer - Coin; Range; Refrigerator; Washer - Coin
Possession: Negotiable
Features: Carpets; Decks; Extra Storage; Patio
Miscellaneous: Individual Elec Mtrs
Inspections: Self Inspected
Number of Stories: Two
Documents: Lead Base Paint
Slr Discl Prop Cnd 
Listing Office: CBSHome Omaha
Last Updated: September - 01 - 2024
Information deemed reliable but not guaranteed.