20 S Lucas St, IowaCity, IA 52240
- $675,000
- 1
- BA
- List Price
- $675,000
- Status
- ACTIVE
- MLS#
- 202605179
- Year Built
- 1900
- Bathrooms
- 1
- Region
- IowaCity
- Subdivision
- Iowa City (Original Town)
Property Description
Unique 7 unit apartment building within walking distance of downtown & campus. Each Apt features 1 bedroom, 1 full bath & kitchen. Not a boarding house! Apt D vacated & available, Apt A lease expires 12/31 & rest leased through 7/31/27. Leases range from $400 to $775/Apt currently. Coin laundry washer & dryer in LL. Lower level units feature front and back entry doors. Two separate HVAC units: one for lower level (3 apts) & one for upper two floors (4 apts). Tenants pay gas & electric, Owner covers water, sewer, trash & heat. Detached single car garage currently rented for $50/mo. Buyers to provide Pre-Approval Letter or Proof of Funds with showing requests. Tenants Rights: 48 hour notice for showings: Buyer(s) to agree to 1031 tax-free exchange. Can 1031 bundle with 323 N Lucas St.
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Additional Information
- Hoa Includes
- HeatingAndCooling, None
- Interior
- KitDiningRmComb
- Amenities
- Park, Sidewalks, StreetLights, CloseToSchool, CloseToShopping, OnBusLine
- Cooling
- CeilingFans, CentralAir
- Heating
- NaturalGas, ForcedAir
- Basement Desc
- Block, Full, WalkOutAccess
- Exterior
- FrontPorch
- Parking
- DetachedGarage, OffStreet, OnStreet
- Elementary School
- Longfellow
- Middle School
- Southeast
- High School
- City
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Listing courtesy of RE/MAX Concepts.