• Asking Price $1,025,000
  • 715 Ridge View Rd. Monticello, IA 52310

  • 7,874 SqFt
  • Multi-family (2-4 units) / Resale (MLS)

Property Details for 715 Ridge View Rd., Monticello, IA 52310

Features

  • Price/sqft: $130
  • Heating: Baseboard Heating

Facts

  • Year Built: 01/01/1972
  • Property ID: 869201013
  • MLS Number: 202401498
  • Parcel Number: 0227303021
  • Property Type: Multi-family (2-4 units)
  • County: Jones
  • Exterior Features: Vinyl Siding
  • Listing Status: Active
  • Neighborhood: uk

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. An 18-unit multi-family apartment complex is available for purchase. The building comprises 14 two-bedroom units and four one-bedroom units. The property offers several opportunities to add value for a new owner. Rents have been increasing steadily, and there is still ample room for further growth. Six detached garages are available to tenants who require covered parking. Additionally, there is a large vacant lot next to the building that can accommodate another 12 units. The property features a metal roof and newer utilities. A brand-new laundry facility was recently installed, and the lower level has plenty of storage space available for the owner to rent out.

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Property Brokerage: Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD IOWA CITY IA 52246
Copyright © 2024 Iowa City Area Association of REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.