716 Randolph Street, Waterloo

$490,000

0 Beds
0 Baths
5,412 Sqft
.32 Acres
0 Garages

Property Description

716 Randolph is a 12 unit building that are all 1 bedroom apartments. Current rent roll is at $5450. Latest Leases have been signed at $475 and have made water/sewer the responsibility of the tenants under a RUBS program. Rent Roll potential of $5700/month. With RUBS implemented on all units, expenses would be about $2,000 per month, putting NOI at $3700/month. Most of the units have been renovated, the ones that have not been renovated have long term residents. Listing agent is part owner of the property.

Essential Information
MLS® #20221700
Price$490,000
Bathrooms0.00
Square Footage5,412
Acres0.32
Year Built1971
TypeMulti-Unit
Sub-TypeFive or More Units
StatusACTIVE
Community Information
Address716 Randolph Street
AreaBlack Hawk
CityWaterloo
StateIA
Zip Code50702
Amenities
Parking Spaces12
ParkingParking Area, Street Parking
GaragesNone
Interior
HeatingForced Air
CoolingWindow Unit
StoriesApartments (5+ Units)
Exterior
ExteriorAluminum
Lot DescriptionCorner Lot
RoofAsphalt
School Information
ElementaryLowell Elementary
MiddleBunger
HighWest High
Additional Information
Date ListedApril 26th, 2022
Days on Market70
ZoningR-2
Listing Details
AgentTyler Rasmussen
OfficeEPM, Iowa
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Listing information last updated on July 6th, 2022 at 2:35pm CDT.