Colonial Terrace: Well-located on West Benton Street, this 32 unit residential rental property is fully leased thru July 2025. There is a mixture of 1, 2 and 3 bedroom units with average monthly rent of $820 per unit. Convenient parking with easy access and within walking distance to the to the University of Iowa campus. Excellent rental history.
APPLIANCES Dishwasher, Range Or Oven, Refrigerator, Microwave
other interior Features Primary On Main Level, Breakfast Area
Area & Lot
StatusSold
MLS® ID202504272
TypeMulti-Family
YEAR BUILT1961
Architecture StylesThree Plus Stories
Exterior
utilitiesCity Sewer, City Water
lot featuresOne To Two Acres
parkingOff Street
HEAT TYPEBaseboard, Common, Steam
AIR CONDITIONINGCentral Air
other exterior FeaturesBalcony, Outbuildings
Financial
Sales Price$2,300,000
Real Estate Tax$41,421/yr
Maintenance Fee$40,447/mo
ZoningRM-44
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