2432 Petsel Place Iowa City IA 52246
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2432 Petsel Place Iowa City IA 52246
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.
MLS#
202605446
Price
$895,000
Status
Active
Property Type
Residential
Property Subtype
Multi Family
Property Features
Taxes
$13,916
Property Descriptions
Parcel#
1017233003
Utilities
City Sewer, City Water
Listed By / Shown By
Agency Name:
Westwinds Real Estate Services, Inc.
Agent Name:
Teague Case
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