20 S Lucas StIowaCity, IA 52240

Description

Unique 7 unit apartment building within walking distance of downtown & campus. Each Apt features 1 bedroom, 1 full bath & kitchen. Not a boarding house! Apt D vacated & available, Apt A lease expires 12/31 & rest leased through 7/31/27. Leases range from $400 to $775/Apt currently. Coin laundry washer & dryer in LL. Lower level units feature front and back entry doors. Two separate HVAC units: one for lower level (3 apts) & one for upper two floors (4 apts). Tenants pay gas & electric, Owner covers water, sewer, trash & heat. Detached single car garage currently rented for $50/mo. Buyers to provide Pre-Approval Letter or Proof of Funds with showing requests. Tenants Rights: 48 hour notice for showings: Buyer(s) to agree to 1031 tax-free exchange. Can 1031 bundle with 323 N Lucas St.

Property Information

Property type

Residential

Sub-type

Multi Family

Style

MultiLevel

Year built

1900

Living area

3,302 Sq Ft

Lot dimensions

63x95

Parking spaces

4

Zoning

RES

Days on market

54

MLS^® Listing#

202605179

Property Features

Appliances

Refrigerator

Cooling

Ceiling Fan(s) · Central Air

Heating

Natural Gas · Forced Air

Flooring

Carpet · Wood · Vinyl

Fireplace

None

Basement

Block · Full · Walk-Out Access

Parking

Off Street · On Street

Laundry

In Basement · Laundry Room

Patio

Porch

Construction

Vinyl Siding · Frame

Foundation

Block

Security

Smoke Detector(s)

Community

Park · Sidewalks · Street Lights

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Longfellow

Middle

Southeast

High

City

Financial Details

HOA

None

Annual taxes

$10,570Tax year 2024

Parcel number

1010415008

Directions

Close to downtown & campus between Dodge & Governor streets on east side of street.