Iowa City · Johnson County · new
10-plex on the west side of Iowa City with a strong rental history and consistently low vacancy. Functional unit layouts, ample off-street parking, and a desirable location near shopping, transit, and UIHC make this an attractive, easy-to-rent asset. Current ownership has maintained steady occupancy, offering reliable in-place income with upside potential. Opportunity exists to increase NOI through implementation of a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income. Solid cash-flowing investment with value-add components in a stable rental corridor. Ideal for investors seeking scale, stability, and room to grow returns over time.
No seller disclosure is attached to this listing in the MLS. Ask the listing agent for the Seller’s Property Disclosure Statement before you write an offer.
Read the full disclosure yourself. This is an automated summary of one document, not the document itself, and not legal, structural, or inspection advice. It cannot show which boxes the seller checked, and it may miss or misread items. You must read the complete Seller’s Property Disclosure Statement before you make an offer and before you decide whether to order or waive any inspection. Waiving an inspection on the strength of this summary is not something we can support.
Documents are supplied by the listing brokerage through the ICAAR MLS and are reproduced here as filed. They are deemed reliable but not guaranteed.
2432 Petsel Place, Iowa City, IA, 52246
