Contact us: 563.441.1776
Description
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.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 8
Bathrooms: 4
County: Johnson
High School: West
Subdivision: Hawkeye Heights
Listed By:
Westwinds Real Estate Services, Inc.
Teague Case
319-354-3792
ICAAR MLS
MLS ID: 202601495
Units
Unit 1:
Bedrooms: 2
Baths Full: 1
Rent: $950.00
Unit 2:
Bedrooms: 2
Baths Full: 1
Rent: $1025.00
Unit 3:
Bedrooms: 2
Baths Full: 1
Rent: $1025.00
Unit 4:
Bedrooms: 2
Baths Full: 1
Rent: $950.00
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2432 Petsel Place, Iowa City, IA 52246.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $950,000 | $950,000 | $950,000 |
| Down Payment | $190,000 | $33,250 | $237,500 |
| Monthly Mortgage Amount | $4,741 | $5,819 | $5,917 |
| Taxes | $1322 | $1322 | $1322 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $570 | $0 |
| Monthly Estimated Total | $6,340 | $7,988 | $7,516 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/27/2026. The listing information on this page last changed on 08/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 08/27/2026 12:27:24 AM EST) or MRED MLS (last updated Thu 08/27/2026 12:19:05 AM EST) or SCWMLS (last updated Wed 08/26/2026 11:55:45 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 08/26/2026 10:15:51 PM EST) or Cedar Rapids MLS (last updated Wed 08/26/2026 10:44:17 PM EST) or NEIRBR MLS (last updated Thu 08/27/2026 12:18:44 AM EST) or ICAAR MLS (last updated Wed 08/26/2026 11:37:42 PM EST) or ECIMLS (last updated Wed 08/26/2026 11:44:36 PM EST) or RMLSA (last updated Thu 08/27/2026 12:20:59 AM EST) or Muscatine MLS (last updated Thu 08/27/2026 12:15:11 AM EST) or No Coast MLS (last updated Thu 08/27/2026 12:24:25 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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