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715 Ridge View Road

Monticello, IA 52310
  • $1,025,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 2401760
$1,025,000
  • 0
    BEDS
  • 1.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,874
    SQFT
  • $130
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Information

Elementary School:
Middle School:
High School:

Description

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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© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2024-04-03T23:42:30.6.
www.cedarrapidsareahomes.com/homes/148663106
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715 Ridge View Road Monticello, IA 52310

  • Price: $1,025,000
  • Status: Active
  • On Site: 29 Days
  • MLS #: 2401760
0
Beds
0
Baths
0
½ Baths
1.3
Acres
7,874
SQFT
$130
$/SQFT
1972
Built
Neighborhood:
OT-E (East Of I-380)
County:
Jones
Area:
OT-E (East Of I-380)
Elementary School:
Monticello
Middle School:
Monticello
High School:
Monticello
Property Description
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.
Exterior Features

Construction Materials BrickFrameVinyl Siding Garage YN Yes Parking Features Parking Space(s)

Interior Features

Basement Full Basement YN Yes Cooling Wall/Window Unit(s) Cooling YN Yes Heating Electric Heating YN Yes Laundry Features Common Area

Property Features

Gross Income 132760 Pets Allowed Yes Property Sub Type Multi Family Sewer Public Sewer Tax Annual Amount 10684 Tenant Pays Electricity Water Source Public

Listing information © 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Matthew Lepic of LEPIC-KROEGER, REALTORS: 319-351-8811.
© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2024-04-03T23:42:30.6.
 
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