20 S Lucas St
Iowa City, IA 52240

$675,000

  • 4
    Bedrooms
  • 4
    Bathrooms

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...read more 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 Highlights

  • Heating

    Ceiling Fans, Gas, Central, Forced Air, Zoned/Dual

  • Taxes

    $10,570 Taxes

  • Year Built

    Built in 1900

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