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    2303 Olive Street

    Cedar Falls, IA 50613
    • $427,500
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 20204064
    UPDATED: 53 min ago
    $427,500
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,032
      SQFT
    • $141
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    A money maker: all units have tenants with signed leases & have never been vacant with this owner. These units have been maintained and are in great condition. The full kitchens all have dishwashers, stoves, fridges and more. Only 1 block to campus, so very easy to keep rented. The building contains on 1-bedroom, two 2-bedrooms, a studio unit and a 4 bedroom unit. Has current rental inspections. Tenants pay their own utilities. Each unit has electric baseboard heat with new digital thermostats and window air conditioners for easy tenant control . All windows have been replaced with double hung vinyl units. Most of the electrical has been updated and there is a coin operated w/d in the building. City has signed a letter okaying the lack of off street parking and it has been recorded. Gross income over $50K per year.

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    Listing information © 2020 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2020-09-21T22:53:21.217.

    Licensed in the State of Iowa.
    www.cedarvalleyhomesforsale.com/homes/108921343
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    2303 Olive Street Cedar Falls, IA 50613

    • Price: $427,500
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 20204064
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    3,032
    SQFT
    $141
    $/SQFT
    1920
    Built
    Neighborhood:
    Auditors Plat
    County:
    Black Hawk
    Area:
    Black Hawk
    Elementary School:
    Lincoln Elementary Waterloo
    Middle School:
    Holmes Junior High
    High School:
    Cedar Falls High
    Property Description
    A money maker: all units have tenants with signed leases & have never been vacant with this owner. These units have been maintained and are in great condition. The full kitchens all have dishwashers, stoves, fridges and more. Only 1 block to campus, so very easy to keep rented. The building contains on 1-bedroom, two 2-bedrooms, a studio unit and a 4 bedroom unit. Has current rental inspections. Tenants pay their own utilities. Each unit has electric baseboard heat with new digital thermostats and window air conditioners for easy tenant control . All windows have been replaced with double hung vinyl units. Most of the electrical has been updated and there is a coin operated w/d in the building. City has signed a letter okaying the lack of off street parking and it has been recorded. Gross income over $50K per year.
    Exterior Features

    Exterior Wood Lap Exterior Amenities Deck Garage Stalls 0 Garage Type None Lot Reg Lot Description Corner Lot Lot Dimensions 41X67 Off Street Parking Spaces 0 Parking On Street Roof Type Asphalt Siding Wood Stories And Style Apartments (5+ Units)Over 2 Stories

    Interior Features

    Basement Entrance-OutsideFinished-PartlyWalk-Out Cooling Ceiling FanWindow Unit Heat Type BaseboardElectric Laundry Lower Level Sq Ft Down 800 Sq Ft Main 894 Sq Ft Second Level 894 Sq Ft Third Level 444 Unit1 Bedrooms 2 Unit2 Bedrooms 1 Unit3 Bedrooms 2 Unit4 Bedrooms 1 Unit5 Bedrooms 4

    Property Features

    Assessed Value 202540 Documents On File Rental Certificate Electric Expense 0 Electric Separate By Unit Yes Finance Type 1031 ExchangeCashConventionalInsured Conventional Flood C/X - Not in Flood Plain Fuel Type Natural Gas Gross Income 51300 Gross Income Is Actual Gross Taxes 4726 Heat Separate By Unit Yes Heating Expense 0 Multifamily Type Five Or More Units Occupied By Renter Region Cedar Falls South 2 Sale Type Normal Sale Sewer Type City Tenant Responsible ElectricGarbage Terms Of Tenancy OtherOver 9 Months Unit1 Rent 700 Unit2 Rent 550 Unit3 Rent 825 Unit4 Rent 750 Unit5 Rent 1400 Utilities Available Separate Meters Water Separate By Unit No Water Sewer Expense 4465 Water Type City Zoning R-4

    Listing provided courtesy of Celia Simmer Crs Gri of Coldwell Banker Elevated Real Estate.


    Listing information © 2020 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2020-09-21T22:53:21.217.

    Licensed in the State of Iowa.
     
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    Amy Wienands Real Estate
    1730 W. Ridgeway Avenue
    Waterloo IA, 50701