2432 Petsel Place, IowaCity, IA 52246
- $895,000
- 1
- BA
- List Price
- $895,000
- Status
- ACTIVE
- MLS#
- 202605446
- Year Built
- 1980
- Bathrooms
- 1
- Region
- IowaCity
- Subdivision
- Hawkeye Heights
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.
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Additional Information
- Hoa Includes
- None
- Amenities
- Sidewalks, StreetLights, CloseToSchool, CloseToShopping, OnBusLine
- Cooling
- WindowUnits
- Heating
- Baseboard
- Basement Desc
- Concrete, Partial, Daylight
- Parking
- OffStreet
- Elementary School
- Borlaug
- Middle School
- Northwest
- High School
- West
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Listing courtesy of Westwinds Real Estate Services, Inc..