1108 Oakcrest St
Income Property
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Ruhl&Ruhl Realtors


2 bedroom 1 bathroom 12-plex on Oakcrest just north of Oaknoll Retirement center. Current rents range from $555 to $750 and could be raised substantially if the interior renovation is continued. Many units have new LVT, cabinets, paint and appliances and they all should be done for maximum income (see renovations in associated documents). Each unit has dishwashers and disposers and good floor plans. There is common coin op laundry for extra income. great location with true upside potential. As Is cap rate is 4.2% but if rents are just raised to the rent being received by the renovated units the cap would be 7.3%. Nice condition outside.

Property Highlights

  • County: Johnson
  • Gross Operating Income: $119,976
  • Annual Taxes: $21,768
  • Location: Na
  • Elementary School: Horn
  • Middle School: Northwest
  • High School: West
  • Total Number of Units: 12
  • Property Type: Income Property, Multi-Family
  • MLS #: 202102990

General Information

Bathrooms 1 (1 full)
Bedrooms 2
County Johnson County
Elementary School Horn
High School West
Lot Size Dimensions Irregular
Lower Level Full Bathrooms 1
Main Level Full Bathrooms 1
Middle/Junior High School Northwest
Subdivision Na
Taxes (Est) $21,768

Room Information

Dining Room Yes Level
Family Room Yes Level
Kitchen Yes Level
Living Room
For Details, Contact
Ruhl&Ruhl Realtors
Iowa/Iowa City
Iowa City
Price Range
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1108 Oakcrest St, Iowa City, IA 52246 Driving Directions
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Listed by Jeff Edberg, Lepic-Kroeger, Realtors.
Data provided by Iowa City MLS.