Sold!
$1,300,000
15
Beds
5
Baths
6,909
Living Area
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Property Description
UNIQUE PACKAGE DEAL: Unique investment opportunity to purchase adjacent, multiple properties AND a 10 car paved, parking lot. This property has been owned by the same family for the past 50 years. There is a 3 family and a 2 family for a total of 5 apartments with 15-20 bedrooms. There is parking for 10 vehicles plus a permit for onstreet parking. All apartments have at least 3 bedrooms (although some show as a 4 bed) and include a full bath, in unit washer/dryer hookup, spacious kitchen/dining with appliances, a living room and a storage area. All units are rented except Apartment 1 which was owner-occupied and could use some cosmetic updates. Great rental history for both buildings. Tenants are responsible for heat and electricity. Convenient to the University, shopping and commuter lines. Apt. 1 is immediately available for showings. Schedule your showing today.
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Highlights
- Area: Centralville
- Heating: Forced Air, Natural Gas
- Property Class: Residential Income
- Total Rooms: 30
- Status: Closed
- Cooling: None, Central Air
- Parking Spots: 11
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1940
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator
- Construction: Frame
- Foundation: Concrete Perimeter, Stone
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
- Basement: Full
- Exterior Features: Balcony/Deck
- Interior Features: Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
- Roof: Rubber
- Year Built Details: Actual
- Zoning: Ttf
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Amenities
- Community Features: Public Transportation, Shopping, Laundromat, University
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $944,000
- Compensation Based On: Gross/Full Sale Price
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $12,429
- Buyer Agent Compensation: 2.0%
- Facilitator Compensation: 2.0%
- Tax Year: 2024
- Total Rent: $7,100
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of East Key Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
