2432 Petsel Place
Iowa City, IA 52246

$950,000

  • 8
    Bedrooms
  • 4
    Bathrooms

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,...read more stability, and room to grow returns over time.

Property Highlights

  • Heating

    Window/Wall Units, Baseboard

  • Taxes

    $13,546 Taxes

  • Year Built

    Built in 1980

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