$571,000
COUNCIL BLUFFS, IA 51503
MLS# 24-1734
Status: Closed
3722 sqft
1 / 31
Property Description
This unique multifamily property is comprised of 7 duplexes on one parcel. Each duplex contains two one-bed/1-bath units. 10 of the units have been updated and are leased with a stable tenant base with rents ranging from $650-725/month. The other two duplexes are in need of renovation prior to being leased. Each apartment is separately metered for electricity, landlord pays for the water/sewer and sanitation. There is also a 1-car garage on the property that is currently used for storage. This property offers a great value add upside, but has good steady income on day one, for the right investor this could be a goldmine and once fully occupied should provide healthy cash flows!
Details
Maps
Documents
Contract Information
Sale: For Sale
Bank Owned?: No
Current Price: $571,000
Status: Closed
Listing Date: 2024-09-05
Sold Price: $571,000
General Property Description
# Sleeping Rooms: 9+
# Effic Studios: None
# of 1 BR Units: Five +
# of 2 BR Units: None
Lot Size: 0.37 acres
# of 3+ BR Units: None
# of Full Baths: 9+
# of 1/2 Baths: None
Garage: 1
Parking: 1 - 3
Type of Property: Apartment Building
Year Built: 1930
Number of Units: 14
Tot Fnshd SF: 3722
Location, Tax & Legal
Located City/County: City
Elementary School: Hoover
Jr. High: Gerald W Kirn
High School: Abraham Lincoln
School District: Council Bluffs
Legal: CREEK TOP SUB LT 1
Parcel No.: 7544 25 387 012
Current REIDS Yr Pd: N/A
Area: Area 4
House #: 750
Street Name: CREEK TOP
Street Suffix: Street
State/Province: IA
County: POTTAWATTAMIE
Zip Code: 51503
Office/Member Info
Net Taxes: 7412
Tax Year: 2022
Status Change Info
Type Of Financing: Conventional
Status Change Date: 2024-10-29
Under Contract Date: 2024-09-10
Sold Date: 2024-10-23
Sold Price: $571,000
Miscellaneous
Individual Elec Mtrs: 1
Pet Restrictions: 1
Security Deposit: 1
Other - See Remarks: 1
Possession
Closing: 1
Subject to Tenants: 1
Exterior
Stucco: 1
Roof
Flat: 1
Terms
Cash: 1
Conventional: 1
Appliances
Range: 1
Refrigerator: 1
Documents on File
Aerial Photo: 1
Legal Description: 1
Owner Oper Stmnt: 1
How To Show
24 Hour Notice: 1
Call Agent: 1
Subject to Tenants: 1
Number of Stories
One: 1
Features
Private Entrance: 1
Inspections
City Inspected: 1
Mortgage Info
Assumable: N
Gross Taxes: 7412
Util Pd/by Renter
Electric: 1
Util Paid/Owner
Garbage: 1
Water: 1
Heat/Cooling
Ductless Heat Pump: 1
Status Info
Sold Status: Sold Inner Office
REIDS Inc Sale Prc: No
Sale Price Incl Lot: Yes
Photo Certification
I own the photos or have the right to use.: Yes
Property Features
Exterior: Stucco
Roof: Flat
Documents on File: Aerial Photo; Legal Description; Owner Oper Stmnt
Terms: Cash; Conventional
How To Show: 24 Hour Notice; Call Agent; Subject to Tenants
Appliances: Range; Refrigerator
Possession: Closing; Subject to Tenants
Features: Private Entrance
Miscellaneous: Individual Elec Mtrs; Pet Restrictions; Security Deposit; Other - See Remarks
Inspections: City Inspected
Number of Stories: One
Rent Roll 
Listing Office: Heartland Properties
Last Updated: October - 29 - 2024
Information deemed reliable but not guaranteed.