2432 Petsel Place, Iowa City, IA 52246
2432 Petsel Place, Iowa City, IA 52246,Video Tour
2432 Petsel Place, Iowa City, IA 52246
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$950,000
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1 Bath
Price Dropped by $45K

2432 Petsel Place Iowa City, IA 52246

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Amir Elgaali

Amir Elgaali

+1(319) 855-0017

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Hawkeye Heights

MLS Listing ID 202601495

HOA Y/N No

Abv Grd Liv Area 7,488

Year Built 1980

Annual Tax Amount $13,546

Tax Year 2024

Lot Dimensions Irr -0.79 Acres

Property Sub-Type Multi Family

Property Description

10-plex on the west side of Iowa City with a strong rental history and consistently low vacancy. Functional unit layouts, ample off-street parking, and a desirable location near shopping, transit, and UIHC make this an attractive, easy-to-rent asset. Current ownership has maintained steady occupancy, offering reliable in-place income with upside potential. Opportunity exists to increase NOI through implementation of a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income. Solid cash-flowing investment with value-add components in a stable rental corridor. Ideal for investors seeking scale, stability, and room to grow returns over time.

Location

State IA

County Johnson

Zoning Multifamily

Direction North on Mormon Trek to left on Petsel Place.

Rooms

Basement Daylight, Partial, Concrete

Interior

Heating Baseboard

Cooling Window Units

Flooring Carpet, Vinyl

Appliance Dishwasher, Dryer, Range Or Oven, Refrigerator, Washer

Exterior

Parking Features Off Street

Community Features Close To School, Close To Shopping, On Bus Line, Sidewalks, Street Lights

Utilities Available City Sewer, City Water

Total Parking Spaces 4

Building

Structure Type Vinyl,Frame

New Construction No

Schools

Elementary Schools Borlaug

Middle Schools Northwest

High Schools West

Others

HOA Fee Include None

Tax ID 1017233003

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=japgT71H1r8

Listed by Westwinds Real Estate Services, Inc.

NEARBY SCHOOL & BUSINESS

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Amir Elgaali

Amir Elgaali

Agent | License ID: 66564000

+1(319) 855-0017

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2432 Petsel Place