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323 N Lucas St Iowa City, IA 52245 Multi Unit - Multiple Active

  • 323 N Lucas St, Iowa City, IA 52245 Main Photo

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Description

Close to campus & downtown two story up/down duplex with separate entrances. One bedroom, full bath and laundry in both units. Central gas furnace & A/C units w/gas & electric costs and City trash/water/sewer utility costs shared by tenants. Could easily be restored to a single family home. Upper unit lease expires 10/31/26, Lower unit, 7/31/27. Current rent $600/mo each. Large off-street concrete parking in back of property. 12x18 detached garage. Radon mitigation system. New furnace ~2012. Buyers to agree to 1031 tax-exempt sale terms & can bundle with 20 S Lucas St. Tenants' Rights: minimum of 48 hours notice to show. Possession negotiable. Great opportunity!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 2
Bathrooms: 2
County: Johnson
High School: City
Subdivision: Iowa City (Original Town)
Listed By:
RE/MAX Concepts CLAY CLAUSSEN 319-395-0101
ICAAR MLS

Units

Unit 1:
Bedrooms: 1
Baths Full: 1
Rent: $600.00
Unit 2:
Bedrooms: 1
Baths Full: 1
Rent: $600.00
$240,000
Est. $1,648/mo
2beds
2baths
Active
BEDS2 BATHS2 full MLS#202605182
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONIowa City (Original Town)

Get in Touch

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Shown By

Agent Name: Austin Maas
Agent Phone: (319) 325-0367
Agency Title: Ruhl&Ruhl Realtors
Agent Email:

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323 N Lucas St, Iowa City, IA 52245.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $240,000$240,000$240,000
Down Payment $48,000$8,400$60,000
Monthly Mortgage Amount $1,214$1,489$1,507
Taxes $334$334$334
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$106$0
Monthly Estimated Total $1,648$2,029$1,941

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