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$399,900   Price Analysis
Agent Details  share icon     map icon  QR
207 Pleasant St
Carson, IA 51525
Unknown bed 6 bath 6,900 SqFt ($57/SqFt)
0.45 acre lot. Built 1959
Listed 2024-04-18, Taxes $3,776
USDA Eligible
near Carson, IA
 Restrictions may apply
due to home size

6 unit apartment building in fantastic condition

* Sale Pending *

With value add potentil on the basement units. Offered at a 10% cap rate with potential to go 12% cap by adding egress windows to basement units and increasing rents.

Tenants pay all utilites with electric baseboard heat in all units. Water heaters are electric. Property has been well maintained and high demand to lease units.


Presented by Kody Stowell at
Realty One Group Sterling.


Property MLS #24-683 from CouncilBluffs

Carpets
Common Util Room

Dryer - Coin
Refrigerator
Stove
Washer - Coin
Window A/C

Full Bathrooms: 6

Window A/C

Lot Size Acres: 0.45
Lot Size Square Feet: 19602

Parking Features: 7 - 10

Elementary School: Riverside
High School: Riverside Community
Middle School: Riverside Community
School District: Riverside

Riverside Community Intermediate School is a public elementary school located approximately 0.1 miles away.
directions icon Map directions

Riverside Community High School is a public middle and high school located approximately 5.1 miles away.
directions icon Map directions

Gross Income: 58500.00
Tenant Pays: Electric, Garbage, Water

Number of Units: 6
Number of Studio Units: 2
Number of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 4

Individual Elec Mtrs
Individual Wtr Mtrs
Security Deposit
Source Listing Status: Pending
County: POTTAWATTAMIE
Tax Year: 2022
Source Property Type: MultiFamily
Area: 14B
Source Neighborhood: 14B
Owner Pays: Common Area Only
Parcel Number: 7440 02 307 001
Property Subtype: Apartment Building
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$227,700 + $18,000
$245,700
$3,776
2022$181,400 + $9,000
$190,400
$4,258
2021$181,400 + $9,000
$190,400
$4,576
2020$181,400 + $9,000
$190,400
$5,076
2019$181,400 + $9,000
$190,400
$4,138
2018$137,000 + $9,000
$146,000
$4,308
2017$137,000 + $9,000
$146,000
$4,460
2016$133,400 + $9,000
$142,400
$4,770
2015$133,400 + $9,000
$142,400
$4,762
2014$128,110 + $8,510
$136,620
$5,024
2013$128,110 + $8,510
$136,620
$4,618
2012$128,110 + $8,510
$136,620
$4,666
2010$128,110 + $8,510
$136,620
$4,730
2007$111,400 + $7,400
$118,800
$4,034

Listed 2024-04-18
$399,900
CouncilBluffs
Sold 2023-01-06
$300,000
Public Record
Sold 2020-08-13
$215,000
Public Record
Sold 2019-02-20
$200,000
Public Record

Total Square Feet Living: 6900
Year Built: 1959
Building Exterior Type: Brick
Property Age: 65
Roof: Composition
Levels or Stories: Two
Click Thumbnail Images To View Full Size
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laundry_room

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.