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For Sale

2432 Petsel Place

2432 Petsel Place, IowaCity, IA 52246

$895,000

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.

Studio

1
bath

7,488 Sq.Ft. LIVING AREA

Teague Case

title Team Lead | Broker Associate
PHONE (319) 321-6824
EMAIL [email protected]
DRE # B62070000

Features & Amenities

Interior

total bedrooms0
Total bathroom1
Flooring Carpet, Vinyl
APPLIANCES Dishwasher, Range Or Oven, Refrigerator, Dryer, Washer

Area & Lot

Status For Sale
Living Area7,488 Sq.Ft.
MLS® ID202605446
TypeMulti-Family
YEAR BUILT1980
NeighborhoodIowa City
Elementary SchoolBorlaug
Middle SchoolNorthwest
High SchoolWest

Exterior

utilitiesCity Sewer, City Water
parkingOff Street
HEAT TYPEBaseboard
AIR CONDITIONINGWindow Units

Financial

Sales Price$895,000
Real Estate Tax $13,916/yr
Maintenance Fee $18,000/mo
Zoning Multifamily

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